Axis Bank Ltd.

Axis Bank is currently trading at Rs. 1269.90, up by 5.85 points or 0.46% from its previous closing of Rs. 1264.05 on the BSE.

The scrip opened at Rs. 1270.00 and has touched a high and low of Rs. 1277.00 and Rs. 1261.00 respectively. So far 25211 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1549.00 on 20-May-2013 and a 52 week low of Rs. 926.90 on 05-Sep-2012.

Last one week high and low of the scrip stood at Rs. 1301.00 and Rs. 1248.15 respectively. The current market cap of the company is Rs. 59638.48 crore.

The promoters holding in the company stood at 33.88% while Institutions and Non-Institutions held 49.48% and 8.48% respectively.

Axis Bank, India’s third largest private sector bank has inked pact with information services firm Experian in order to enhance its debt management and collections activities. With this initiative, the bank will use Experian's Tallyman software for managing customers in arrears, reduce the cost of collecting debt and increase working capital by reducing debt write-off.

Experian's Debt Collection and Recovery suite has a key component Tallyman, which automates the collections process across the complete lifecycle - from managing high-risk pre-delinquent customers through to debt recovery. The software also separates arrears portfolios into highly specific customer types to enable collections departments to assign the appropriate collections activities sensitive to each individual case.