Costumer Service Manager
India's third largest private lender feels it is a misnomer to say that venturing deep into the unbanked areas is a pain point, and asserted this business will be profitable in a few years.
"The RBI said you could front-load your 25 percent branches in unbanked areas and carry forward the benefit over the next three years. We have already done so...This year we would have done about 300 unbanked branches," Axis Bank Retail Banking President Rajiv Anand said.
This gives the city-based bank the opportunity to have over 750 branches in the better-performing areas in tier-I, II and III centers.
As part of its financial inclusion drive, RBI in May 2013 allowed banks to front-load their 25 percent mandatory new branches in unbanked areas and carry forward to open the remaining 75 percent new branches in urban areas over the next three years.
Axis has around 2,300 branches, 52 percent of them in the semi-urban, rural and unbanked areas, Anand said.
Asked about the financial implications of more rural branches, Anand said this will not hurt key ratios as the branches are small and operate at lower costs.
"This year we would have done about 300 unbanked branches. They are relatively low-cost."
The bank feels there is a big opportunity in rural areas and it is looking at it beyond garnering deposits.
"The rural opportunity is big, absolutely. That is something key to our business as we go forward...we are not interested in deposits, but want to participate in the larger financial needs, including loans, insurance and start them off on some basics on investments."
"It is not a strip down of our model, it is a new set of customers which we want to cater to. They have very similar banking or financial needs," Anand added.
Post Name--
Finance Service
Insurance
Accountants
The selection Process is on the basis on the circle wise.
Age Limit: Candidate age should be between 18 to 30 years as on 01-07-2013.
30 years for experienced candidates.
How to Apply: Eligible candidates can apply online through Commission’s website.
www.axisbank.com on or before march 2014
After submitting the applications through On-line, candidates should send photocopies of all academic/required documents regarding their claims along with print out of On-line.
Qualification: Candidates must possess a Bachelor’s Degree or any post graduates in any field from a recognized Institution or University.
Those who have completed graduation with 55% (Aggregate) marks in any discipline Up to 25 years.
Only short-listed applicants will be invited for the selection process.
Note:The above will be considered as the threshold criteria for shortlisting
Important Dates
Last Date-- as soon as posible
For Official Notification
India's third largest private lender feels it is a misnomer to say that venturing deep into the unbanked areas is a pain point, and asserted this business will be profitable in a few years.
"The RBI said you could front-load your 25 percent branches in unbanked areas and carry forward the benefit over the next three years. We have already done so...This year we would have done about 300 unbanked branches," Axis Bank Retail Banking President Rajiv Anand said.
This gives the city-based bank the opportunity to have over 750 branches in the better-performing areas in tier-I, II and III centers.
As part of its financial inclusion drive, RBI in May 2013 allowed banks to front-load their 25 percent mandatory new branches in unbanked areas and carry forward to open the remaining 75 percent new branches in urban areas over the next three years.
Axis has around 2,300 branches, 52 percent of them in the semi-urban, rural and unbanked areas, Anand said.
Asked about the financial implications of more rural branches, Anand said this will not hurt key ratios as the branches are small and operate at lower costs.
"This year we would have done about 300 unbanked branches. They are relatively low-cost."
The bank feels there is a big opportunity in rural areas and it is looking at it beyond garnering deposits.
"The rural opportunity is big, absolutely. That is something key to our business as we go forward...we are not interested in deposits, but want to participate in the larger financial needs, including loans, insurance and start them off on some basics on investments."
"It is not a strip down of our model, it is a new set of customers which we want to cater to. They have very similar banking or financial needs," Anand added.
Post Name--
Finance Service
Insurance
Accountants
The selection Process is on the basis on the circle wise.
Age Limit: Candidate age should be between 18 to 30 years as on 01-07-2013.
30 years for experienced candidates.
How to Apply: Eligible candidates can apply online through Commission’s website.
www.axisbank.com on or before march 2014
After submitting the applications through On-line, candidates should send photocopies of all academic/required documents regarding their claims along with print out of On-line.
Qualification: Candidates must possess a Bachelor’s Degree or any post graduates in any field from a recognized Institution or University.
Those who have completed graduation with 55% (Aggregate) marks in any discipline Up to 25 years.
Only short-listed applicants will be invited for the selection process.
Note:The above will be considered as the threshold criteria for shortlisting
Important Dates
Last Date-- as soon as posible
For Official Notification
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