Budgam, Apr 21: Axis Bank, one of the largest private sector banks in India, on Monday inaugurated it’s 26th Bank branch at Magam in Budgam district.
The new branch was inaugurated by the MLA Gulmarg Farooq Ahmad Shah and MLA Beerwah Dr. Shafi Ahmad Wani in presence of senior officials from Axis Bank-Gowhar Sheikh, Cluster Head Kashmir and Junaid Amim, Branch Head of Magam branch.
This branch will offer a wide array of asset products and banking services such as personal banking, digital banking, loan products (personal, gold, home, vehicle, working capital, term, etc.), insurance facilities to its customer segments covering Large and Mid-Corporates, MSME, and Retail Businesses
Axis Bank is one of the largest private sector banks in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. With its 5,700 domestic branches (including extension counters) and 14,476 ATMs across the country as on 31st December 2024.
The network of Axis Bank spreads across 3,122 gentes, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axin Finance, Axis Trustee, Axis Capital, A TREDS Ltd., Ereeshgugg, Axis Pension Fund and Axis Bank Foundation
Speaking to media MLA Gulmarg, Farooq Ahmad Shah said that the new branch of the Axis Bank at Magam will provide great relief to the people of different areas related to the financial dealings. The bank can provide a lot of the services through which people can be benefitted.
“There is huge potential for business in Magam town, where private sectors can perform different kinds of operations through which unemployed youth can also be adjusted in such private sectors,” he said.
