Indian Bank

Indian Bank is a state-owned bank which was established on 15th Aug 1907. The bank has its headquarters in Chennai, India. The bank has many deposit schemes tailored to suit the needs of its customers, both individuals, and organizations. The bank also provides a wide range of products and services for its customers.

The bank opened its first overseas bank in Sri Lanka Colombo during the year 1932 and later opened another branch in Singapore in the year 1941. in the year 1962, the bank acquired the businesses of the Royalseema Bank, Mannargudi Bank, and the Trichy United Bank. The bank was finally nationalized on 19th July of the year 1969. The bank was named as Indian Bank after the nationalization. It was appointed as the lead bank of the 9 districts of the State Tamil Nadu, Andhra Pradesh and Kerala and the Union Territory of Pondicherry. The banks also owned a training Management Institute called as Indian Bank Management Academy for Growth and Excellence (IMAGE).

In the year 2001, the Indian Bank launched a new service called as Cash Management Service for speedy collection of outstation cheques. The Bank also tied up and partnered with the HDFC Standard Life Insurance Company Ltd, which is the first private sector to receive the Certificate of Registration for Foray into Life Insurance Business for the distribution of the Insurance products.

In 2002-03 the Bank received an award from NABARD for the best performance under the Self-Help Group in Tamil Nadu and Andhra Pradesh.

In the year 2003, the bank associated with the M.S Swaminathan Research Foundation, Chennai to sponsor a programme on the agriculturist to be aired on All India Radio.

On December 2004, the Bank split into two branches and implemented the Core Banking Solution. In the year 2004, the Bank made an agreement with the Export Credit Guarantee Corporation In India to distribute the credit card insurance packages for the exporters. It also joined hands with the Times of Money for remittance solution and introduced a new loan project called IB Swarna Abhrana. This loan scheme is meant for buying Gold-jewellery. The bank also tied-up with Tamil Nadu Newsprint and Papers to finance farmers taking up Farm Forestry project with the sponsorship of Tamil Nadu Newsprint and Papers.

In the year 2004-05 the bank made an alliance with Mahindra and Mahindra Limited and TAFE Limited for levitating the tractor usage among the farmers. In the year 2005, the Bank tied-up with three overseas banks for money transfer service and signed the papers with the National Exchange Company of Doha, Mussandum Exchange Company of Oman and Abu-Dhabi based UAE-Exchange Company.

In the year 2006, Indian Bank introduced a new bank in Mumbai and also launched a new service called Bharat Card. In March 2007, the Bank launched Ind On-Line Doorstep Banking to deliver Banking and Financial Services at the doorsteps of a Common Man.

The bank also signed an agreement with the Indian Railway and Catering and Tourism Corporation Limited (IRCTC) with an aim to offer ticket booking services through IRCTC website. The agreement was signed on 1st of August 2007, at New Delhi. On December 2007, the Bank installed about 51 ATMs in the Railway Stations across the country. In the year 2008, the Indian Bank won the Financial Express Best Bank Award.

The Bank follows 100% Business Computerization Service, it has 168 centers throughout the country with 20,661 employees. The Indian Bank has a total network of 2594 branches and 66 extension counters and around and also provides 24*7 service through 32000 ATMs.

State Bank of India

The State Bank of India is the largest state-owned banking and financial services company in India. The bank provides various banking services to the customers. Other than the banking services, the bank along with the subsidiaries provides a range of financial services which include Life Insurance, Merchant Banking, Mutual Funds, Credit Cards, Factoring, Security Trading, Pension Fund Management etc.

The bank functions in four different business segments named Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Business. The Treasury segment includes the investment scenario and trading in the foreign exchange contracts and derivative contracts.

The wholesale banking focuses on the lending activities of the Corporate Accounts Group, Mid Corporate Accounts Group and Stress Assets Management Group.

The Retail Banking Management comprises of the National Banking Group, which focuses on the personal banking activities. It also involves in the lending activities of the corporate customers who have a healthy relationship with the branches of the National Banking Group.

The bank offers a wide range of products not only in India but also overseas. The State Bank of India will soon enter the Top 50 Global Banks with a balance sheet size of 33 trillion, 278,000 employees, 420 million customers and more than 24,000 branches and 59,000 ATMs.

The Bank ranks 232nd on the Fortune Global 500 list of the world’s biggest corporations 2016. According to the Forbes, the bank is the 10th most reputed company in the world. The SBI has 198 offices in 37 countries and 301 correspondents in 72 countries.

The bank has its branches in Colombo, Dhaka, Frankfurt, Hong Kong, London, Los Angeles, Sydney, Tokyo. The bank has their representative offices in Bhutan and Cape Town.

In the year 2001, the SBI Life Insurance Company was started by the Bank. These are the only bank that has been permitted to have 74% of stake in the Insurance Business.


ICICI Bank which is otherwise called as Industrial Credit and Investment Corporation of India. It is an Indian Multination banking and financial services in India. The bank has its headquarters in Mumbai, India. Its registered office is located in Vadodara. The bank was founded in the year 1994. Mr. M.K Sharma is the Chairman of the Bank and Mrs. Chanda Kochhar is the Managing Director and CEO of the bank. The tagline of the Bank is “Hum Hai Na”. It is known to be the 2nd largest bank in India in terms of Market Capitalisation.

The bank offers a wide range of products and services to both corporate and retail services in India. The bank provides a variety of delivery channels and specialized subsidiaries in the areas of Investment Banking, venture capital, and asset management. The bank has its subsidiaries in the United Kingdom, Canada, Singapore, Bahrain, United States, Hong Kong, Sri Lanka, Qatar, South Africa and its representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia.

The ICICI Bank is the India’s largest private sector bank with a total asset of Rs 9,860.43 billion on March 31st, 2017 and profit after tax of Rs 98.01 billion for the year ended March 31st, 2017.

Role In The Indian Finance System

The Bank has introduced a various number of Indian Institutions to improve the financial infrastructure of the country over the years.

National Stock Exchange: The National Stock Exchange was promoted by the India’s Leading Financial Institutions (ICICI Pvt. Ltd) in the year 1992 on the behalf of the Government of India. The objective of this scheme is to provide a Nation Wide Trading Facility for the equities, debt instruments, and hybrids ensuring an equal access to all over the country through an appropriate communication network.

Credit Rating Information Services of India Limited  (CRISIL): This is partnership service introduced by the ICICI Bank and UTI Group. This is India’s first professional credit rating agency. The service offers a comprehensive range of products and services which include credit ratings, product management, capital market information, industry analysis and the detailed reports.

North-Eastern Development Finance Corporation: This corporation was supported by ICICI Ltd in 1995 in Guwahati Assam for the development of the Industries, infrastructure, animal husbandry, medicinal plants, poultry, dairy in the North Eastern States in India. This is the premier Financial Institution for the North- East Region.

Services Provided By ICICI Bank

The Bank offers a wide variety of services. Some of them are

i-Mobile Smartkeys: This a payment service method which is introduced by the ICICI. The payment service is done using a Smartphone Keyboard called “iMobile Smartkeys”. The application provides a variety of services like quick and secure payments, chat, messenger, games, and search browser.

Money2India: It is an online money transfer tracking service that is offered to the Non-Indian Residents. This provides seamless online money transfer to 9 countries (USA, Canada, UK, Singapore, Australia, UAE, Sweden, Switzerland and Hong Kong) with round the clock customer service facility.

Saral Loans:  This was launched on Aug 2015, by ICICI. It is a Rural Housing Loan Plan. The applicants from rural areas including women can apply for this scheme.

The other services are Bookchain Technology, Software Robotics, iWish- Flexible Recurring Deposit, My Savings Rewards, Contactless Credit and Debit Cards etc.

IFSC Code of ICICI Bank

The IFSC Code is an 11-digit alphanumeric code which consists of the bank name and branch code or ID. The first four characters of the code are in alphabets which represent the bank name, and the last six digits which are usually the numbers represents the name of the bank.

The IFSC Code of the Bank is ICIC0000001. Where ICIC is the IFSC Code and 000001 is the Branch Code of the Bank.

Aadhaar Seeding With ICICI Bank Account

Recently, the Government is making it compulsory to link Aadhaar with the Bank account. Therefore, the ICICI Bank is providing two modes of Aadhaar seeding with the bank account: Offline and Online Mode.

Offline Mode of Seeding Aadhaar with the ICICI Bank Account

  • Firstly, make sure that you have your original and photocopy of the Aadhaar and the bank details.
  • You can use the E-Aadhaar if you have. Visit the official Aadhaar website and download the form 3.
  • Form 3 is a request form for linking Aadhaar with the Bank account. Fill in the form with required details and enter your 12 digits unique Aadhaar number with your Bank Account Information from your Bank Passbook.
  • Once you are done with all the formalities, visit the nearest ICICI Bank Branch and submit the Form 3 along with the photocopy of your E-Aadhaar or the Aadhar card.
  • The bank officials verify all the documents and form and after the cross-checking of the documents, your Aadhaar will be updated with your ICICI Bank Account.

Online Mode of Aadhaar Seeding with the ICICI Bank Account

The steps for linking Aadhaar with the Bank account is given below

  • Visit the official website of ICICI Net banking.
  • Enter your Username and Password.
  • Now click on the Customer Service Tab.
  • Then select the service request.
  • Click on the Bank Account Service Request.
  • Select the account details
  • Click on the modification related
  • Request for the “Update Aadhaar Number in Savings
  • In the last link, you have to enter the Aadhaar details and click on Submit.

After the submission of the application form, the bank officials verify the documents. If all the data and information provided by the customer is correct and matched then, a confirmation message is sent via SMS or email ID.

Axis Bank

Axis bank was first established in the year 1993 and became operational in 1994, after Government of India authorized new private banks to be established. The bank was started with the capital of Rs. 115 Crore. Onto which UTI (Unit Trust of India) contributed Rs. 100 Crore, LIC – Rs. 7.5 crore and its four subsidiaries contributing Rs. 1.5 crore each. In 1993, the bank was further promoted in cooperation by specified undertaking of Unit Trust of India (Transferred to SUUTI in 2003), Life Insurance Cooperation (LIC), General Insurance Cooperation (GIC), National Insurance Company Ltd, The New India Assurance Company Ltd, The Oriental Insurance Company Ltd and United India Insurance Company Ltd.

In 2001, UTI agreed to merge the bank with Global Trust Bank; however, Reserve Bank of India (RBI) did not approve the amalgamation then. In 2004, the RBI put Global Trust into moratorium and supervised its merger into Oriental Bank of Commerce.

In 2003, Axis bank successfully launched travel currency card in India.

In 2005, Axis Bank got listed on London Stock Exchange.

In 2006, the bank opened an overseas branch in Singapore, and a representative office in Shanghai, China.

In 2007, the bank opened a branch in the Dubai International Financial Centre and in the same year it began branch operations in Hong Kong. And in 2008, it opened a representative office in Dubai.

It successfully opened a branch in Colombo in October 2011, established as a licensed Commercial bank administered by the Central bank of Sri Lanka. And in the same year, the bank has opened a representative office in Abu Dhabi.

In 2013, Axis Bank’s subsidiary, Axis Bank UK commenced banking operations. Axis Bank UK has a branch in London.

At present, Axis bank is the third largest financial institution in the country in the private sector. Also, headquarter of the bank is in financial capital of the country; Mumbai and registered office is in Ahmadabad. The bank has a wide network with 3300 branches, 14,003 ATMs and nine international offices with branches at Singapore, Hong kong, Dubai, Shanghai, Colombo, and representative offices at Dhaka, Dubai and Abu Dhabi.

Axis bank offers special subsidiary for each of the product they provide.

Below is the list of subsidiaries axis bank offers:Axis Capital Ltd.

  • Axis Capital Ltd.
  • Axis Private Equity Ltd.
  • Axis Trustee Services Ltd.
  • Axis Asset Management Company Ltd.
  • Axis Mutual Fund Trustee Ltd.
  • Axis Bank UK Ltd.
  • Axis Securities Ltd.
  • Axis Direct
  • Axis Finance Ltd.
  • Axis Securities Europe Ltd.
  • A. Treds Limited

Award / Achievements

In last 24 years, Axis bank has been conferred with various awards and recognitions. Below is the list of few of their achievements in last 5 years:


  • In 2013, Axis bank voted for Most Trusted Private Sector Bank in the country in the Most Trusted Brands survey 2013 by Brand Equity
  • Axis Bank ranked no. 1 bank in INDIA in both Primary & Secondary market of corporate bonds -The Asset Benchmark Research.
  • Best Debt House in India – Euro money Awards for Excellence 2013


  • In 2014, Axis bank Gold Shield for third year in a row for Excellence in Financial Reporting in the Private Sector Banks category for the year 2013-14 – ICAI (Institute of Chartered Accountants of India)
  • Axis Bank wins ‘Bank of the Year in India’ for the year 2014- Banker Magazine, Financial Times
  • Axis Bank Foundation conferred Outstanding Corporate Foundation at Forbes India, Philanthropy Awards, 2014


  • In 2015, Axis Bank conferred the Certificate of Recognition for excellence in Corporate Governance by the Institute of Company Secretaries of India (ICSI), for the year 2015.
  • Innovation in Social Pay – Aegis Graham Bell Awards 2015


  • In 2016, Axis Bank wins ‘Best Loyalty Program of the year’ for the second year in a row, 9th Loyalty Awards 2016
  • Axis Bank has won the ‘Best Performing Private Bank’ award at the Financial Advisor Awards 2015-16


  • In 2017, Axis Banks wins the ‘Best Use of Mobile within a Loyalty Strategy’ at the Loyalty Awards 2017
  • Axis Bank wins the ‘Best Use of Partnership in a Loyalty Program’ at the Loyalty Awards 2017.

Axis Bank Official Website @