Axis Bank, India’s third largest private sector bank, has opened its 2,000th branch at Ahmedgarh in rural Punjab.
Shikha Sharma, MD and CEO, Axis Bank, said: “We have been one of the early banks in the very ambitious and innovative Pungrain Project undertaken by the Punjab Government for electronification of payments to farmers. We are excited about the potential to work closely with the government initiatives in finding banking solutions.”
The bank’s branch network includes 146 branches operating in rural unbanked centres, 135 branches in rural centres, 641 in semi-urban centres and the balance 1,078 branches operating in urban and metro centres.