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Axis Bank rises on inking pact with Bahrain bank

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

29 May 2012 Evaluate

Axis Bank is currently trading at Rs. 1028.50, up by 0.85 points or 0.08% from its previous closing of Rs. 1027.65 on the BSE.

The scrip opened at Rs. 1032.90 and has touched a high and low of Rs. 1038.00 and Rs. 1021.90 respectively. So far 63236 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1367.10 on 01-Aug-2011 and a 52 week low of Rs. 784.50 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 1038.00 and Rs. 952.00 respectively. The current market cap of the company is Rs. 42569.02 crore.

The promoters holding in the company stood at 37.38% while Institutions and Non-Institutions held 46.34% and 7.74% respectively.

Axis Bank, country’s largest private sector lender has inked pact with Ahli United Bank B.S.C., Bahrain for remitting money from Bahrain to any person in India. The deal will facilitate money transfer services to NRIs in Bahrain using the internet banking platform MyE-Bank.

The number of transactions that can be initiated under this arrangement will be unlimited. Remittances will be processed and disbursed to the intended beneficiaries holding an account with Axis Bank or any of more than 83,000 NEFT-enabled branches of over 100 other banks in India.

Axis Bank has reported a 25.20% jump in its net profit at Rs 1,277.27 crore for the fourth quarter of the 2011-12 fiscal. It had a profit of Rs 1,020.11 crore in the January-March quarter of 2010-11. The total income of the bank during fourth quarter increased 31.47% to Rs 7,647.94 crore, from Rs 5,817.06 crore in the same quarter of the previous fiscal.

Axis Bank Share Price

1377.75 24.10 (1.78%)

21-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	811.65
ICICI Bank	1388.65
Axis Bank	1377.75
Kotak Mahindra Bank	381.50
Indusind Bank	856.45
View more..

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Axis Bank rises on inking pact with Bahrain bank

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