Axis Bank Ltd.

Axis Bank is currently trading at Rs. 1466.35, up by 5.20 points or 0.36 % from its previous closing of Rs. 1461.15 on the BSE.

The scrip opened at Rs. 1466.00 and has touched a high and low of Rs. 1474.80 and Rs. 1459.85 respectively. So far 29067 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. 764.00 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 1469.65 and Rs. 1379.30 respectively. The current market cap of the company is Rs. 68893.31 crore.

The promoters holding in the company stood at 33.88 % while Institutions and Non-Institutions held 52.92 % and 9.30 % respectively.

Axis Bank is planning to open 750 urban branches over the next two fiscals. The bank has inaugurated 250 branches in unbanked areas in FY 2014 as per the regulatory requirement.

As part of its financial inclusion drive, RBI in May 2013 allowed banks to front-load their 25% mandatory new branches in unbanked areas and carry forward to open the remaining 75% new branches in urban areas over the next three years. This gives the city-based bank the opportunity to have over 750 branches in the better-performing areas in tier-I, II and III centres.

Axis has around 2,300 branches, 52% of them in the semi-urban, rural and unbanked areas.