Axis Bank Ltd.

Axis Bank is currently trading at Rs. 1122.95, up by 16.25 points or 1.47% from its previous closing of Rs. 1106.70 on the BSE.

The scrip opened at Rs. 1108.00 and has touched a high and low of Rs. 1125.00 and Rs. 1080.00 respectively. So far 1, 43,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1309.00 on 21-Feb-2012 and a 52 week low of Rs. 784.50 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 1161.95 and Rs. 1080.00 respectively. The current market cap of the company is Rs. 45,549 crore.

The promoters holding in the company stood at 37.25% while Institutions and Non-Institutions held 45.87% and 7.94% respectively.

Axis Bank, India's third largest private sector bank has entered into a strategic agreement with Tata AIG General Insurance whereby the bank will act as a corporate agent for general insurance. As per the agreement, Tata AIG will offer general insurance products to the bank’s customers. This initiative by the bank is also aimed at enhancing insurance cover options.

Through this partnership, various insurance policies providing protection for a range of insurance needs including motor, health, travel and property can be availed by the banks customer. The products would be available at the bank’s retail branches across the country and through direct marketing channels such as online and mailers.

The partnership is beneficial to both the parties as the general insurance company will be able to tap the bank's customer while its products will complement the bank’s existing financial offerings.