Axis Bank launched in Sri Lanka

Axis Bank sees a lot potential in Sri Lanka for trade and cross border flows said Axis Bank of India Chairman, Dr. Adarsh Kishore. He was addressing a ceremony to launch the bank in Sri Lanka on Friday.

He said Axis Bank wants to add a new dimension to investment banking in Sri Lanka and added that it is not in Sri Lanka to compete and cut into the territory of other banks. Axis Bank which is the third largest private sector bank in India is in over seven countries providing a wide spectrum of services to the large and medium corporates.

Axis Bank will focus on developing Investment banking and infrastructure development in Sri Lankan”, Dr. Kishore said.

The bank further looks forward to participating in small and medium enterprises, agriculture, retail banking, infrastructure projects and remittances.

“The Sri Lankan banking sector is well-developed and Axis Bank will participate in the infrastructure development in the country”, an official of the bank said.

He said Axis Bank will keep a vigilant eye on the economic pulse of Sri Lanka and contribute to the development of the country.

We see a promising economy in Sri Lanka with enormous opportunities for trade and investment.

Axis Bank Managing Director/CEO, Shikha Sharma said Axis Bank is very excited about its operations in Sri Lanka.

LF