Axis Bank gains on launching ‘eKYC’ facility

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

28 Oct 2013 Evaluate

Axis Bank is currently trading at Rs. 1205.00, up by 15.15 points or 1.28% from its previous closing of Rs. 1189.85 on the BSE.

The scrip opened at Rs. 1199.10 and has touched a high and low of Rs. 1211.00 and Rs. 1199.10 respectively. So far 14,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1549.00 on 20-May-2013 and a 52 week low of Rs. 764.00 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 1224.30 and Rs. 1157.00 respectively. The current market cap of the company is Rs. 56,584.00 crore.

The promoters holding in the company stood at 33.94% while Institutions and Non-Institutions held 48.26% and 13.25% respectively.

Axis Bank, India’s third largest private sector bank, has launched first of its kind ‘e-KYC’ facility in 1000 branches across 400 centers. Axis Bank is the first organization in India to introduce biometric based eKYC offering convenience, speed & ease to Aadhaar-registered individuals to open bank accounts. eKYC is a paperless, instantaneous and secure facility, which has been approved by Ministry of Finance, Government of India, that would enable Aadhaar registered individuals to walk up to a branch and open an account by merely providing his Unique Identification Number and scanning his fingerprints.

Meanwhile, the Bank has tied up with VISA to launch eKYC in its branche. Visa’s technology will enable instant paperless account opening, saving time and costs to bring banking to the doorsteps of hundreds of millions of Indians with Aadhaar. The bank plans to extend the eKYC facility to over 2000 branches across India by end of October 2013.

Axis Bank is the third-largest private sector bank in India. As on June 30, 2013, it had a network of 2021 branches including extension counters and 11,488 automated teller machines (ATMs) across the country.

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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