AXIS Bank selects Nelito Systems for GL Consolidation – Finacle Core

Introduction

Axis Bank is the third largest of the private-sector banks in India offering a comprehensive suite of financial products. Axis Bank opened its registered office in Ahmedabad and corporate office in Mumbai in December 1993. The first branch was inaugurated on 2 April 1994 in Ahmedabad by Dr. Manmohan Singh, the Finance Minister of India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture, and Retail Businesses.

Bank spreads across 2,211 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has ten overseas offices with branches in Singapore, Hong Kong, Dubai (at the DIFC), Shanghai, and Colombo; representative offices at Dubai, Abu Dhabi, Dhaka, and Sharjah and an overseas subsidiary in London, UK.

Axis Bank had implemented Finacle version 10. X CBS and various surround solutions like Finacle FT, Fin One, Prime, FinLite, etc. These surrounding applications take care of other major operations at Axis Bank and are integrated with Finacle Core at the GL level.

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