Active
This profile is actively maintainedActive
This profile is actively maintainedWebsite | http://www.axisbank.com |
Headquarters |
Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli
400 005 Mumbai
India
|
CEO/chair |
Shri Amithabh Chaudry Managing Director and CEO |
Supervisor | |
Ownership |
listed on Bombay Stock Exchange, London Stock Exchange & NSE
Axis Bank's shareholder structure can be viewed here. |
Axis Bank, founded in 1993, is the third largest private sector bank in India. The bank offers financial services to large and mid-size corporates, SME, and retail businesses. Axis Bank has operations in Singapore, Hong Kong, Dubai, Colombo and Shanghai and is present in the UK and Abu Dhabi.
Axis Bank's most important sustainability commitments can be found at the website sections listed below.
Axis Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Axis Bank's link to these deals.
Axis Bank operates a Grievance Redressal channel which can be accessed here. In its Human rights policy the bank states: "Additionally, any grievances related to violations of human rights can be reported on harish.iyer@axisbank.com."
This page evaluates Axis Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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Banks and Steel
According to a report by Reclaim Finance, between 2016 and June 2023, Axis Bank provided $2.8 billion in finance to the fossil-steel industry, making it the 47th largest financier worldwide. Find further details on Axis Bank's steel financing and how it compares to other large banks globally in the report.