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Axis Bank incorporates subsidiary company ‘A.Treds’

25 May 2016 Evaluate

Axis Bank has incorporated a company ‘A.Treds’, which is registered with the Ministry of Corporate Affairs, Registrar of Companies, Mumbai, on May 23, 2016. The said company is incorporated as a subsidiary company of the bank.

A.Treds will be engaged to undertake the business of setting up and operating a Trade Receivables Discounting System, as per the in-principal approval received from the Reserve Bank of India.


Peers
Company Name CMP
HDFC Bank 735.80
ICICI Bank 1326.50
Axis Bank 1220.00
Kotak Mahindra Bank 403.40
Indusind Bank 912.50
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