-35.25 (-2.72%) Axis Bank’s subsidiary -- Axis Securities has become the first bank sponsored broking entity to take membership of the country's largest commodity derivatives exchange, Multi Commodity Exchange of India (MCX) after the Reserve Bank of India (RBI) allowed banks to provide broking services in commodities derivatives.
The membership to Axis Securities granted in first week of December 2017 has since then seen both MCX and Axis Securities engage in planning the education & training calendar to enable smooth roll out of services at Axis Securities.
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.