Axis Bank rises on opening four branches in North-East region

24 Aug 2022 Evaluate

Axis Bank is currently trading at Rs. 749.70, up by 2.95 points or 0.40% from its previous closing of Rs. 746.75 on the BSE.

The scrip opened at Rs. 745.00 and has touched a high and low of Rs. 751.50 and Rs. 742.50 respectively. So far 587052 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 866.60 on 25-Oct-2021 and a 52 week low of Rs. 618.10 on 23-Jun-2022.

Last one week high and low of the scrip stood at Rs. 776.00 and Rs. 733.75 respectively. The current market cap of the company is Rs. 229194.31 crore.

The promoters holding in the company stood at 9.70%, while Institutions and Non-Institutions held 78.05% and 12.25% respectively.

Axis Bank has opened four branches in the North-East region, with an aim to reinstate the Bank’s mission of offering banking services in semi-urban and rural regions. It includes the Mon Branch at Mon District, Nagaland; Madanrting Branch at East Khasi Hills District, Meghalaya; and two in Assam, namely, Demow Branch at Sibsagar District and Gohpur Branch at Biswanath District.

With the launch of Mon branch, Axis Bank became the maiden private sector bank in the district to cater its citizens, reinstating the Bank’s commitment towards financial inclusion for all in line with the Government of India’s vision. In Nagaland, Axis Bank has the 2nd largest network of branches and area covered amongst all Banks.

The Madanrting Branch in Meghalaya, the Bank’s 12th branch in the state, has been set up specifically to address the banking requirements of the defense personnel and business communities based in the East Khasi Hills district.

The Demow branch will cater to the banking requirements of workers in the Tea Plantation estates in Assam, while Gohpur branch will also extend various banking services to the citizens. With these two additions, Axis Bank’s total number of branches in Assam would be 90.

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.

Axis Bank Share Price

1067.60 3.45 (0.32%)
07-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 1714.10
ICICI Bank 1280.50
Axis Bank 1067.60
Kotak Mahindra Bank 1773.45
Indusind Bank 983.70
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