Axis Bank bags 'Overall Most Productive Bank' and 'Best Risk Master' award at FIBAC 2011

Company Brief

Chennai, September 15, 2011

Axis Bank India's third largest Private sector bank received the 'Overall Most Productive Bank' and 'Best Risk Master' awards in the private sector category at the 'FIBAC Banking Awards 2011'. The awards were presented by Maharashtra Chief Minister Prithviraj Chavan in Mumbai for productivity excellence, at the conclusion of the three day FICCI-IBA Conference on 'Global Banking: Paradigm Shift'. Shri S. K. Chakrabarti, Deputy Managing Director, received the awards on behalf of Axis Bank.

Shri S.K.Chakrabarti said “Axis Bank is delighted to receive two FIBAC 2011 awards. This is in recognition of our commitment to provide excellent banking services to our customers and will motivate us to further strengthen our resolve.''

'Overall Most Productive Bank' is awarded to the most efficient user of all the inputs into the banking business, including financial and human capital, while at the same time not compromising on capturing growth opportunities. It is meant to reward all round excellence in managing all aspects of productivity essential in banking, from operating costs to risk management to capital efficiency. 'The 'Best Risk Master' award recognizes the bank that has consistently demonstrated excellent achievements in the areas of credit assessment; monitoring and recovery capabilities.

For further information, please contact:

Axis Bank

Julius Samson

Tel: +91-22-24254604

Email: julius.samson@axisbank.com