Axis Bank slips as RBI imposes penalty of Rs 5 crore

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

29 Jul 2021 Evaluate

Axis Bank is currently trading at Rs. 719.75, down by 2.95 points or 0.41% from its previous closing of Rs. 722.70 on the BSE.

The scrip opened at Rs. 721.00 and has touched a high and low of Rs. 728.50 and Rs. 719.50 respectively. So far 105576 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 800.00 on 16-Feb-2021 and a 52 week low of Rs. 400.00 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 763.95 and Rs. 712.40 respectively. The current market cap of the company is Rs. 221435.42 crore.

The promoters holding in the company stood at 11.69%, while Institutions and Non-Institutions held 76.76% and 11.55% respectively.

Reserve Bank of India (RBI) has imposed a penalty of Rs 5 crore on Axis Bank for contravention of certain provisions of directions issued by the RBI, including on cybersecurity framework. The penalty has been imposed for 'contravention of/non-compliance' with certain provisions of directions issued by the RBI. They include 'Strengthening the Controls of Payment Ecosystem between Sponsor Banks and SCBs/UCBs as a Corporate Customer'; 'Cyber Security Framework in Banks' and 'Reserve Bank of India (Financial Services provided by Banks) Directions, 2016'.

The statutory inspections for supervisory evaluation (ISE) of the bank were conducted with reference to its financial position as on March 31, 2017, (ISE 2017), March 31, 2018, (ISE 2018), and March 31, 2019 (ISE 2019).

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

Axis Bank Share Price

1275.05 7.35 (0.58%)

04-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	777.90
ICICI Bank	1270.95
Axis Bank	1275.05
Kotak Mahindra Bank	371.85
Indusind Bank	914.10
View more..

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