Axis Bank Ltd.

Axis Bank is currently trading at Rs. 583.10, up by 15.00 points or 2.64% from its previous closing of Rs. 568.10 on the BSE.

The scrip opened at Rs. 568.90 and has touched a high and low of Rs. 584.65 and Rs. 568.90 respectively. So far 1,37,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 584.65 on 12-Aug-2016 and a 52 week low of Rs. 366.65 on 18-Jan-2016.

Last one week high and low of the scrip stood at Rs. 584.65 and Rs. 562.25 respectively. The current market cap of the company is Rs. 1,39,096.00 crore.

The promoters holding in the company stood at 30.81%, while Institutions and Non-Institutions held 59.36% and 9.82% respectively.

Axis Bank in association with Suvidhaa Infoserve, a payments/remittance firm, has launched ‘Nano Credit’, a pre-approved, instant and unsecured loans for the urban low-income customer segment.

Credit of up to Rs 15,000 can be availed by all existing customers of Suvidhaa by simply walking into any of the 22,000 Suvidhaa outlets across India and following an instant check of their loan eligibility by the respective outlet agent. This is possible because the customer's details such as address proof, etc are already captured in Suvidhaa’s database and e-KYC is done using Aadhaar number.

The loan is disbursed in the form of a pre-paid card, which can be used at ATMs or point-of-sales. The interest rate is 14% onwards and repayment term is 18 months. The bank is also offering overdraft facility where the repayment is one year.