Axis Bank is the third largest of the private sector banks in India offering a comprehensive suite of financial products. Founded in 1993 the bank has its head office in Mumbai and registered office in Ahmedabad. It has 2,959 branches, 12,743 ATMs. The bank employs over 50,000 people and had a market capitalisation of INR 1.0583 trillion (US$16 billion) as on March 31, 2016. It offers entire spectrum of financial services for large and mid-size corporates, SME and retail businesses. The bank has international offices with branches at Singapore, Hong Kong, Dubai, Shanghai, Colombo, UK and representative offices at Dhaka, Abu Dhabi, which focusses on corporate lending, trade finance, syndication, investment banking and liability businesses.