In Telangana, the country’s third largest private sector bank, currently has 123 branches and 731 ATMs. While digitisation has taken off in metro and urban areas, it is “by definition” slower in the semi-urban and rural areas, requiring Axis Bank to have branches in those

areas, he said. He was asked whether number of ATMs and bank branches would come down with the ongoing digital drive.

Even as the bank has shown robust growth across business levers, its mobile banking segment has shown particularly impressive numbers, a release by Axis Bank said. “Overall mobile banking spends at the bank touched Rs 71,444 crore in Q1FY19 increasing 90 per cent YoY (Year on Year),” it said. In its commitment to the ‘Digital India’ agenda, it said more than 70 per cent of all transactions in the first quarter of this financial year were made through digital mode, it said.

The bank continues to focus significantly on cards, both credit and debit, which remain an important business function. Axis Bank is a market leader in installing ‘card-acceptance terminals’, it said. “Axis Bank has driven forward the government’s digital initiative by focusing on and strengthening our mobile banking and internet banking services,” Rajiv Anand said. “The bank has taken multiple initiatives to promote digital banking, both in rural and urban areas which have led to a good rise in the transactions done digitally,” he said.