History of Axis bank:

1993: The Bank was incorporated on 3rd December and Certificate of business on 14th December. The Bank transacts banking business ofall description.UTI Bank Ltd. was promoted by Unit Trust of India, LifeInsurance Corporation of India, General Insurance Corporation of Indiaand its four subsidiaries. The bank was the first private sector bank toget a license under the new guidelines issued by the RBI.
1997: The Bank obtained license to act as Depository Participant with

NSDL and applied for registration with SEBI to act as `Trustee toDebenture Holders'. Rupees 100 crores was contributed by UTI, therest from LIC Rs 7.5 crores, GIC and its four subsidiaries Rs

1.5 croreseach.
1998: The Bank has 28 branches in urban and semi urban areas as on 31 July.All the branches are fully computerized and networkedthrough VSAT. ATM services are available in 27 branches. The Bankcame out with a public issue of 1,50,00,000 No. of equity shares of Rs10
st

each at a premium of Rs 11 per share aggregating to Rs 31.50crores and Offer for sale of 2,00,00,0 No. of equity shares for
00

cash ata price of Rs 21 per share.Out of the public issue 2,20,000 shareswere reserved for allotment on preferential basis to employees of UTIBank.Balance of 3,47,80,000 shares were offered to the public. Thecompany offers ATM cards, using which account-holders can withdrawmoney from any of the bank's ATMs across the country which is inter-connected by VSAT. UTI Bank has launched a new retail product withoperational flexibility for its customers. UTI Bank will sign a cobrandagreement with the market, leader, Citibank NA for entering into the highly promising credit card business. UTI Bank promoted by India'spioneer mutual fund Unit Trust of India along with LIC, GIC and its foursubsidiaries.
1999: UTI Bank and Citibank have launched an international co-

branded Credit card. UTI Bank and Citibank have come together tolaunch an international co-branded credit card under the MasterCardumbrella. UTI Bank Ltd has inaugurated an off site ATM at Ashok Nagarhere, taking the total number of its off site ATMs to 13.m
2000: The Bank has announced the launch of Tele-Depository Services

for Its depository clients. UTI Bank has launch of `iConnect', its Internetbanking Product. UTI Bank has signed a memorandum ofunderstanding with equitymaster.com for e-broking activities of thesite. Infinity.com financial Securities Ltd., an e-broking outfit is Typingup with

UTI Bank for a banking interface. Geojit Securities Ltd, the firstcompany to start online trading services, has signed a MoU with UTIBank to enable investors to buy\sell demat stocks through thecompany's website. India bulls have signed a memorandum ofunderstanding with UTI Bank. UTI Bank has entered into an agreementwith Stock Holding Corporation of India for providing loans againstshares to SCHCIL's customers and funding investors in public andrights issues. ICRA has upgraded the rating UTI Bank's Rs 500 crorecertificate of deposit programmed to A1+. UTI Bank has tied up withL&T Trade.com for providing customized online trading solution forbrokers.
2001: UTI Bank launched a private placement of non-convertible

debentures to rise up to Rs 75 crores. UTI Bank has opened two offsiteATMs and one extension counter with an ATM in Mangalore, taking itstotal number of ATMs across the country to 355. UTI Bank has recordeda 62 per cent rise in net profit for the quarter ended September 30,2001, at Rs 30.95 crore. For the second quarter ended September 30,2000, the net profit was Rs 19.08 crore. The total income of the bankduring the quarter was up 53 per cent at Rs 366.25 crore.
2002: UTI Bank Ltd has informed BSE that Shri B R Barwale has

resigned as a Director of the Bank w.e.f. January 02, 2002. A C Shah,formerchairman of Bank of Baroda, also retired from the banks boardin the third quarter of last year. His place continues to be vacant. MDamodaran took over as the director of the board after taking in thereins of UTI.B S Pandit has also joined the banks board subsequent tothe retirement of K G Vassal. UTI Bank Ltd has informed that Shri PaulFletcher has been appointed as an Additional Director Nominee of CDCFinancial Service (Mauritius) Ltd of the Bank.And Shri Donald Peck hasbeen appointed as an Additional Director (nominee of South AsiaRegional Fund) of the Bank. UTI Bank Ltd has informed that on layingdown the office of Chairman of LIC on being appointed as Chairman of SEBI, Shri G N Bajpai, Nominee Director of LIC has resigned as a Director of the Bank.
2002: B Paranjpe & Abid Hussain cease to be the Directors of UTI

Bank.UTI Bank Ltd has informed that in the meeting of the Board ofDirectors following decisions were taken: Mr Yash Mahajan, ViceChairman and Managing Director of Punjab Tractors Ltd wereappointed as an Additional Director with immediate effect. Mr N CSinghal former Vice Chairman and Managing Director of SCICI wasappointed as an Additional Director with immediate effect. ABN Amro,UTI Bank in pact to share ATM. UTI Bank Ltd has informed BSE that ameeting of the Board of Directors of the Bank is scheduled to be heldon October 24, 2002 to consider and take on record the unaudited

halfyearly/quarterly financial results of the Bank for the half year/Quarterended September 30, 2002. UTI Bank Ltd has informed that Shri J MTrivedi has been appointed as an alternate director to Shri Donald Peckwith effect from November 2, 2002.
2003: UTI Bank Ltd has informed BSE that at the meeting of the Board

of Directors of the company held on January 16, 2003, Shri R NBharadwaj, Managing Director of LIC has been appointed as anAdditional Director of the Bank with immediate effect.- UTI Bank, theprivate sector bank has opened a branch at Nellore. The bank'sChairman and Managing Director, Dr P.J. Nayak, inaugurating the bankbranch at GT Road on May 26. Speaking on the occasion, Dr Nayaksaid. This marks another step towards the extensive customer bankingfocus that we are providing across the country and reinforces ourcommitment to bring superior banking services, marked byconvenience and closeness to customers. -UTI Bank Ltd. has informedthe Exchange that at its meeting held on June 25, 2003 the BOD havedecided the following: 1) To appoint Mr. A T PannirSelvam, formerCMD of Union Bank of India and Prof. Jayanth Varma of the IndianInstitute of Management, Ahmedabad as additional directors of theBank with immediate effect. Further, Mr. Pannir Selvam will be thenominee director of the Administrator of the specified undertaking ofthe Unit Trust of India (UTI-I) and Mr. Jayanth Varma will be anIndependent Director. 2) To issue Non-Convertible UnsecuredRedeemable Debentures up to Rs.100 crs, in one or more tranches asthe Bank's Tier - II capital. -UTI has been authorized to launch 16 ATMson the Western Railway Stations of Mumbai Division. UTI filed suitagainst financial institutions IFCI Ltd in the debt recovery tribunal atMumbai to recover Rs.85cr in dues. -UTI bank made an entry to theFood Credit Programme; it has made an entry into the 59 cluster whichincludes private sector, public sector, old private sector and cooperative banks. -Shri Ajeet Prasad, Nominee of UTI has resigned asthe director of the bank. -Banks Chairman and MD Dr. P. J. Nayakinaugurated a new branch at Nellore.-UTI bank allots shares underEmployee Stock Option Scheme to its employees. -Unveils prepaid travel card 'Visa Electron Travel Currency Card' -Allotment of 58923equity shares of Rs 10 each under ESOP. -UTI Bank ties up with UKgovt fund for contract farm in -Shri B S Pandit, nominee of theAdministrator of the Specified Undertaking of the Unit Trust of India(UTI-I) has resigned as a director from the Bank wef November 12,2003. -UTI Bank unveils new ATM in Sikkim.
2004:Comes out with Rs. 500 mn Unsecured Redeemable Non-

Convertible Debenture Issue, issue fully subscribed -UTI Bank Ltd hasinformed that Shri Ajeet Prasad, Nominee of the Administrator of theSpecified Undertaking of the Unit Trust of India (UTI - I) has beenappointed as an Additional Director of the Bank w. e. f. January 20,2004.-UTI Bank opens new branch in Udupi-UTI Bank, Geojit in pact fortrading platform in Qatar -UTI Bank ties up with Shriram Group CosUnveils premium payment facility through ATMs applicable to LICUTIBank customers Metal junction (MJ)- the online trading andprocurement joint venture of Tata Steel and Steel Authority of India(SAIL)- has roped in UTI Bank to start off own equipment for Tata Steel.-DIEBOLD Systems Private Ltd, a wholly owned subsidiary of DieboldIncorporated, has secured a major contract for the supply of ATMs anservices to UTI Bank -HSBC completes acquisition of 14.6% stake in UTIBank for .6 m -UTI Bank installs ATM in Thiruvananthapuram -LaunchesRemittance Card' in association with Remit2India, a Web site offeringmoney transfer services
2005: - UTI Bank enters into a banc assurance partnership with Bajaj

Allianz General for selling general insurance products through itsbranch network. -UTI Bank launches its first Satellite Retail AssetsCentre (SRAC) in Karnataka at Mangalore.
2006: -UBL sets up branch in Jaipur -UTI Bank unveils priority banking

lounge.

Balance Sheet as at March 31, 2011

SOURCES OF FUNDS Shareholder's Funds Share capital TOTAL APPLICATION OF FUNDS Fixed Assets Gross block Less: Accumulated depreciation Net block Capital work-in-progress including capital advance 2 206,109,242 59,664,952 146,444,290 1,055,131 147,499,421 118,750,703 45,679,348 73,071,355 410,020 73,481,375 1 800,000,000 800,000,000 300,000,000 300,000,000

Current Assets, Loans and Advances Interest accrued on fixed deposits Sundry debtors Cash and bank balances Other current assets Loans and advances 6 (A) Less: Current Liabilities & Provisions Current liabilities Provisions 7 8 (B) Net Current Assets Debit balance in Profit & Loss Account TOTAL (A-B) 198,112,991 8,899,831 207,012,822 489,173,876 163,326,703 800,000,000 87,274,976 9,016,678 96,291,654 144,910,557 81,608,068 300,000,000 3 4 5 15,111,182 178,432,419 425,159,530 77,483,567 696,186,698 2, 210,397 122,807,504 78,871,171 75,000 37,238,139 241,202,211