Background: Axis Bank, erstwhile UTI Bank, promoted in 1994, is a new generation and third largest private sector bank, with a balance sheet size of INR 2.9tn. Loan book mix consists of Corporates - 54%, SME+Agri - 22% & Retail - 22%. Fee Income accounts for 22.8%. For FY 12 CAR - 13.7%, Tier I - 9.5%, ROE - 20.3%, RoA - 1.6%, Cost / Inc - 44.7%. Axis Bank has built a reasonable retail infrastructure, with 1680 branches and a wide product range. The...