Axis Bank Ltd.

Axis Bank is currently trading at Rs. 450.75, up by 3.40 points or 0.76% from its previous closing of Rs. 447.35 on the BSE.

The scrip opened at Rs. 450.60 and has touched a high and low of Rs. 453.35 and Rs. 448.70 respectively. So far 222882 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 638.00 on 07-Sep-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. 463.40 and Rs. 424.60 respectively. The current market cap of the company is Rs. 107857.07 crore.

The promoters holding in the company stood at 30.23%, while Institutions and Non-Institutions held 60.44% and 9.33% respectively.

Axis Bank has tied up with Ripple, a distributed ledger technology provider, to offer cross-border payments solution. With this tie up, the Bank can now leverage blockchain solutions for its operations, becoming the third lender in the country to use the technology. The move follows after Axis Bank partnered with another major Indian banking firm Kotak Mahindra Bank, last year, to explore the potentials of blockchain in various business segments, including pilot transactions.

Axis Bank is the third largest private sector bank in India. The Bank offers wide range of services such as Personal Banking, Corporate Banking, NRI Banking, Priority Banking, VBV - Online purchases using Credit Card and VBV / MSC - Online purchases using Debit Card. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.