Axis Bank to open 750 urban branches over next two years.

Private sector Axis Bank has opened 250 branches in unbanked areas in FY 2014 as per the regulatory requirement, which qualifies it to launch 750 more urban branches over the next two fiscals, a top official said.

India's third largest private lender feels it is a misnomer to say that venturing deep into the unbanked areas is a pain point, and asserted this business will be profitable in a few years.

BS