Axis Bank Ltd.

In an attempt to strengthen the Indian banking system and avoid 2008-like crisis, the regulator Reserve Bank of India has unveiled Basel III norms. Under this, RBI has notified banks over up-keeping of their total capital adequacy ratio at 9 percent, higher than the minimum recommended requirement of 8 percent under the Basel III norms. Besides this, the banking regulator has also asked the banks to maintain a buffer of 2.50% and failure to do so will result in non-payment of dividend and bonus. These guidelines will be effective from January 1, 2013 and will be fully implemented by March 31, 2018.

State Bank of India is currently trading at Rs. 2090.40, down by 49.05 points or 2.29% from its previous closing of Rs. 2139.45 on the BSE. The scrip opened at Rs. 2131.00 and has touched a high and low of Rs. 2131.00 and Rs. 2087.25 respectively. So far 194617 shares were traded on the counter.

ICICI Bank is currently trading at Rs. 856.00, down by 25.70 points or 2.91% from its previous closing of Rs. 881.70 on the BSE. The scrip opened at Rs. 876.00 and has touched a high and low of Rs. 879.20 and Rs. 855.10 respectively. So far 171220 shares were traded on the counter.

Axis Bank is currently trading at Rs. 1067.70, down by 34.50 points or 3.13% from its previous closing of Rs. 1102.20 on the BSE. The scrip opened at Rs. 1091.10 and has touched a high and low of Rs. 1093.00 and Rs. 1065.40 respectively. So far 87234 shares were traded on the counter.