Low on cost, high on profit

Axis Bank is one of the fastest-growing banking companies in India. It started as 'UTI Bank' in 1994 and was rechristened as 'Axis Bank' in 2007. The share price has gone up at an annualised rate of 26 per cent in the past ten years. ₹10,000 invested in the company are now worth ₹1,00,149. Axis Bank derives its strength from its low-cost operation; it has the industry's best cost-to-income ratio, 41 per cent. This has helped the bank generate one of the highest profit per employee in the industry, ₹18.16 lakh, and net interest margin, 3.8 per cent, as of FY15. Axis Bank's efficiency ratio, which is a non-interest expense, as per

This article was originally published on December 01, 2015.