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Axis BankIndia

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This profile is actively maintained
Last update: 2024-11-05 15:59:53
Axis Bank branch in Mysore, India. Photo: Christopher J. Fynn via Wikimedia Commons (CC BY SA 4.0)

Active

This profile is actively maintained
Last update: 2024-11-05 15:59:53
Bank info
BankTrack campaigns
All
About
Website 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
Reserve Bank of India
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.

Sustainability
Commitments
Policies
Voluntary standards

Axis Bank's most important sustainability commitments can be found at the website sections listed below.

Links

CSR and sustainability

Policies & disclosures

Human rights policy

Bank policy
2024-08-15 00:00:00 | Axis Bank

Corporate Social Responsibility Policy

Bank policy
2024-07-31 00:00:00 | Axis Bank

Policy on environmental management

Bank policy
2024-04-29 00:00:00 | Axis Bank

ESG policy

Bank policy
2021-08-04 00:00:00 | Axis Bank

Sustainable financing framework

Bank policy
2021-07-31 00:00:00 | Axis Bank

Code of conduct and conflict of interest norms in respect of board of directors

Bank policy
2019-12-17 00:00:00 | Axis Bank

Ethics and risk management

Bank policy
2019-12-17 00:00:00 | Axis Bank

Code of conduct & ethics for senior management

Bank policy
2019-01-22 00:00:00 | Axis Bank

Declaration on anti-money laundering compliance

Bank policy
2019-01-22 00:00:00 | Axis Bank
Axis Bank has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
FTSE4Good Supply Chain Labour Standards CriteriaTags: corporate social responsibility | labour | supply chain | worker rights
Global Reporting InitiativeTags: sustainable development | human rights
Dodgy Deals

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.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

International CSOs call on banks to rule out finance for controversial Indian steel and coal project

Of 22 financiers of JSW Steel, none committed not to finance the much-opposed Utkal Steel project in Odisha
2025-03-13 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have not quit coal, 8 years after the Paris Agreement

Banks in China dominate global coal financing; those in Indonesia are outliers in having increased finance for coal since 2016
2024-05-03 | Nijmegen | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

The banks financing dirty steel

The world’s major banks continue to support the largest and most polluting steel producers
2024-03-26 | Paris, France | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Perils of banking on fossil fuels

State Bank of India, Axis Bank and Bank of Baroda are the three banks from India that are open to doing business in coal.
BankTrack mentioned
2024-02-03 | The New Indian Express
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal Havens - Asia’s biggest banks still open for coal business after COP28

The largest banks in India and Indonesia – global hotspots of the coal industry's growth – have no coal exclusion policy
2024-01-23 | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mapping Garment Industry Funding in India

2022-04-06 | Fair Finance Asia, Fair Finance India
BankTrack news BankTrack blog Partner news Partner blog

The great Indian gold heist

2019-01-22 | Newsclick.in
BankTrack news BankTrack blog Partner news Partner blog

India's top female banker resigns amid loan investigation

2018-10-04 | Nikkei Asian Review
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report Shines a Light on Hidden Backers of World’s Most Destructive Coal Project

2017-10-12 | Inclusive Development International
BankTrack news BankTrack blog Partner news Partner blog

Axis Bank – A License to Launder?

2016-12-23 | The Wire
BankTrack news BankTrack blog Partner news Partner blog

Axis Bank managers arrested for exploiting a gold scam money laundering loophole

2016-12-06 | The Daily Mail
BankTrack news BankTrack blog Partner news Partner blog

Sting operation reveals money laundering by top banks

2013-03-15 | The Times of India
Resources
Documents
Links

Which banks have ruled out finance for the JSW Utkal Steel and Coal Project?

BankTrack publication
2025-03-13 00:00:00 | BankTrack

Letter from BankTrack to Axis Bank on JSW Utkal Steel

Correspondence
2025-02-20 00:00:00 | BankTrack

CSR report 2023-2024

Annual report
2024-09-09 00:00:00 | Axis Bank

Human rights policy

Bank policy
2024-08-15 00:00:00 | Axis Bank

Annual report 2023-2024

Annual report
2024-08-13 00:00:00 | Axis Bank

Corporate Social Responsibility Policy

Bank policy
2024-07-31 00:00:00 | Axis Bank

Still Banking on Coal press release

Commercial Banks Still Deep into Coal 8 Years After Paris
Partner publication
2024-05-02 00:00:00 | Urgewald

Commercial Banks Still Deep into Coal 8 Years After Paris

NGO document
2024-05-02 00:00:00 | Urgewald

Policy on environmental management

Bank policy
2024-04-29 00:00:00 | Axis Bank

Coal Havens

The banks and loopholes keeping coal finance alive in Asia
BankTrack publication
2024-01-23 00:00:00 | BankTrack

Annual report 2022-2023

Annual report
2023-07-03 00:00:00 | Axis Bank

Annual report 2021-2022

Annual report
2022-07-05 00:00:00 | Axis Bank

ESG policy

Bank policy
2021-08-04 00:00:00 | Axis Bank

Sustainable financing framework

Bank policy
2021-07-31 00:00:00 | Axis Bank

CSR Report 2020-2021

Annual report
2021-07-11 00:00:00 | Axis Bank

Annual report 2020-2021

Annual report
2021-07-06 00:00:00 | Axis Bank

Annual report 2019-2020

Annual report
2020-07-01 00:00:00 | Axis Bank

CSR report 2019-2020

Annual report
2020-07-01 00:00:00 | Axis Bank

Sustainability report 2018-2019

Date listed represents date as accessed on website
Annual report
2019-12-17 00:00:00 | Axis Bank

Annual report 2018-2019

Date listed represents date as accessed on website
Annual report
2019-12-17 00:00:00 | Axis Bank

Business responsiblity report 2018-2019

Date listed represents date as accessed on website
Other bank document
2019-12-17 00:00:00 | Axis Bank

Code of conduct and conflict of interest norms in respect of board of directors

Bank policy
2019-12-17 00:00:00 | Axis Bank

Ethics and risk management

Bank policy
2019-12-17 00:00:00 | Axis Bank

Code of conduct & ethics for senior management

Bank policy
2019-01-22 00:00:00 | Axis Bank

Declaration on anti-money laundering compliance

Bank policy
2019-01-22 00:00:00 | Axis Bank

Annual report 2017-2018

Annual report
2018-06-30 00:00:00 | Axis Bank

Sustainability report 2017-2018

Annual report
2018-06-30 00:00:00 | Axis Bank

Annual Report 2014-2015

Annual report
2015-06-25 00:00:00 | Axis Bank

Business Responsibility Report 2014-2015

Annual report
2015-06-25 00:00:00 | Axis Bank

Business Responsibility Report 2013-2014

Annual report
2015-03-23 00:00:00 | Axis Bank

Annual Report 2013-2014

Annual report
2014-06-09 00:00:00

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
BankTrack publication
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack

Annual Report 2012-2013

Annual report
2014-01-01 00:00:00
Accountability
Grievances
Response tracking

Axis Bank operates a Grievance Redressal channel which can be accessed here. In its 2024 Human rights policy the bank states: "Additionally, any grievances related to violations of human rights can be reported on human.rights@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".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
JSW Utkal steel and coal, India (February 2025)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information is available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
International CSOs call on banks to rule out finance for controversial Indian steel and coal project, March 2025
Average
0%
0
0
0
0
Banks and Steel

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. 

Steeling our future: The banks propping up coal-based steel
Good Moves

Good moves

Year: