Axis Bank trades in fine fettle on BSE

Axis Bank Ltd. | Bank - Private | BFSI | BSE: 532215 | NSE: AXISBANK

22 Feb 2016 Evaluate

Axis Bank is currently trading at Rs. 397.20, up by 4.70 points or 1.20% from its previous closing of Rs 392.50 on the BSE.

The scrip opened at Rs. 396.90 and has touched a high and low of Rs. 397.65 and Rs. 391.50 respectively. So far 242380 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 655.35 on 04-Mar-2015 and a 52 week low of Rs. 366.65 on 18-Jan-2016.

Last one week high and low of the scrip stood at Rs. 422.40 and Rs. 390.10 respectively. The current market cap of the company is Rs. 93483.18 crore.

The promoters holding in the company stood at 31.01% while Institutions and Non-Institutions held 58.58% and 10.06% respectively.

Axis Bank, India’s third largest private sector bank, in partnership with Suvidhaa, a domestic remittances company, is reportedly planning to offer funds to the lowest strata of the society (urban poor), like rickshaw pullers, taxi drivers, tailors and barbers. Suvidhaa has been the bank’s business correspondent for a long time and the bank have been doing payments, remittances for their customers, so credit was the only next logical step. Suvidhaa has processed the transaction history of its 35 million customer base who have been doing remittances through its retail touch points for years.

Earlier, the bank in partnership with Suvidhaa Infoserve had launched Axis Bank- Suvidhaa Prepaid Card, a first of its kind initiative in the Banking Industry, which leverages the e-KYC platform for Instant on boarding, cash deposit and withdrawal for the customer.

Axis Bank, India’s third largest private sector bank, has registered a rise of 14.50% in its net profit at Rs 2175.3 crore for third quarter ended December 31, 2015 compared to Rs 1899.76 crore for the same quarter in the previous year. Total income of the bank has increased 14.66% at Rs 12531.11 crore for Q3FY16 as compared Rs 10928.81 crore for the corresponding quarter previous year.

Axis Bank Share Price

1269.40 -22.95 (-1.78%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	781.20
ICICI Bank	1264.80
Axis Bank	1269.40
Kotak Mahindra Bank	380.75
Indusind Bank	949.85
View more..

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