Axis Bank attains 1 million micro-borrowers mark

17 Apr 2017 Evaluate

Axis Bank has touched 1 million micro-borrowers mark and is not keen on acquiring stake in any microlender. The Bank will now focus on expanding the business organically rather than buying into a microfinance company.

As many as 90 per cent of Axis Bank’s borrowers have been tapped by the Bank’s dedicated team of 1,600 people, while the rest have come from intermediaries.

Axis Bank is India’s third-largest private sector bank. The Bank offers entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

Axis Bank Share Price

1048.30 -5.30 (-0.50%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
HDFC Bank 1448.20
ICICI Bank 1095.75
Axis Bank 1048.30
Indusind Bank 1549.10
Kotak Mahindra Bank 1785.80
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