Axis Bank Ltd.

Foreign Institutional Investors (FIIs) have jacked up their stake in Axis Bank from 34.83% to 40.94% during the January-March 2013 quarter. In contrast, the non-institutional investors (NIIs), which include small retail investors and HNIs, were not on the same page as the overseas investors reduced their stake in bank to 8.48% from 9.73% in January-March 2013 quarter.

Axis Bank is aiming to achieve over 30% growth in its home loans every year over the next two years to take its portfolio to Rs 50,000 crore by end of FY15. At present, the total home loan portfolio of the bank stands at Rs 30,000 crore.