10 AXIS BANK TOP ATTRIBUTES
FAIR AND OBJECTIVE
PROCESSES AND POLICIES
GROWTH AND LEARNING OPPORTUNITIES
ENABLES EXPRESSION OF OPINIONS
LEADING BY EXAMPLE Rajkamal Vempati, President & Head-Human Resources, Axis Bank
AXIS BANK, THE country’s third-largest private sector bank in terms of total assets, has been making significant strides not just in financial services but also in creating an inclusive and employee-friendly work environment. One of its key landmarks has been the strategic and well-executed acquisition of Citi’s consumer banking business in India. The ₹11,603-crore buy that Axis Bank completed on March 1, 2023, meant the integration of Citi’s India team of 3,200 people with the lender, and dealing with the cultural differences that typically exist between a domestic entity and a foreign one.
“The integration has progressed extremely well, and we have seen Citi employees continue to build their careers with Axis. We have seen them take on ambitious roles within both the integrated businesses, and in some cases, senior leaders have moved into large portfolios within the Axis system. In all our talent and engagement programmes, we see good representation from the Citi team,” says Rajkamal Vempati, President & Head-Human Resources at Axis Bank. In 2023-24, Axis Bank saw its net profit surge to ₹24,861 crore from ₹9,580 crore in FY23, a remarkable 160% increase. Meanwhile, its net interest income grew 16% to ₹49,894 crore from ₹42,946 crore in 2022-23.
This story is from the May 26, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 26, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Haute Couture in the Kitchen
FASHION BRANDS ARE ENTERING THE RESTAURANT SPACE, AS FOOD SEEMS TO HAVE BECOME THE ULTIMATE FASHION STATEMENT
It's Personal
Mixing work and personal tasks on work machines may be a done thing for many, but it makes sense to have a dedicated device for your personal needs. Here are two such devices
INTO THE BLUE
For WTiCabs Founder and CEO Ashok Vashist, scuba diving is not just an adventure sport. It is a pathway to connect with the ocean
"Challenges are opportunities"
AMIT JAIN CO-FOUNDER & CEO CARDEKHO GROUP CarDekho Group is a digital automotive solutions provider
THE WAIT FOR HIGHER PENSION
ALMOST 18 MONTHS AFTER THE SUPREME COURT RULING, SUBSCRIBERS WHO OPTED FOR A HIGHER PENSION UNDER THE EMPLOYEES' PENSION SCHEME CONTINUE TO WAIT AS THE EPFO, FACING A STAFF CRUNCH, TRIES TO FIGURE OUT THE MATH
"It's possible to have a 25% growth out of India from now on"
Rail Europe Executive Chairman & CEO Björn Bender talks about the India market, the shift to digital, and the way ahead
Evolving Strategies
Companies need to adapt to changing times for a strong workforce
PERKS PRESSURE
IT'S NOT JUST ABOUT THE MONEY ANYMORE FOR EMPLOYEES. FROM FOUR-DAY WORK WEEKS, TO SKILLING ON THE JOB AND MENTAL WELL-BEING EXERCISES, COMPANIES ARE OFFERING A HOST OF BENEFITS TO RETAIN TOP TALENT. IS THIS ENOUGH?
FOSTERING PLURALISM
Axis Bank, with its initiatives and policies, is striving to make a holistic difference to people's careers and hone their skills too
In Keeping With The Times
With a slew of initiatives for its employees, Abbott India is working hard to build a diverse and inclusive workforce