Axis Bank Limited is an India-based bank. It operates in four segments: treasury operation, which includes investments in sovereign and corporate debt, equity funds, trading operations, derivative trading and foreign exchange operations on the account, and for customers and central funding; retail banking, which includes lending to individuals/small businesses subject to the orientation, product and granularity criterion, and also includes liability products, card services, Internet banking, automated teller machines services, depository, and nonresident Indian services; corporate/wholesale banking, which includes corporate relationships not included under retail banking, corporate advisory services, placements and syndication, project appraisals, capital market related services, and cash management services, and other banking business. In June 2012, HSBC Holdings PLC�s indirect wholly owned subsidiary, HSBC Iris Investments (Mauritius) Ltd, sold its 4.73% interest in the Company.