Last 494.30 INR
Change Today +0.50 / 0.10%
Volume 3.4M
AXSB On Other Exchanges
Natl India
As of 6:05 AM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

axis bank ltd (AXSB) Snapshot

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12/5/14 - 506.40
52 Week Low
02/14/14 - 216.52
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axis bank ltd (AXSB) Details

Axis Bank Limited provides corporate and retail banking services in India and internationally. The company operates in four segments: Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business. Its deposit products include savings accounts, current accounts, and salary accounts, as well as fixed deposits, flexi deposits, tax saver fixed deposits, and recurring deposits. The company’s loan products comprise home loans, car loans, education loans, personal loans, loans against shares and security, loans against property and gold, and loans against fixed deposits for individuals. It also offers safe deposit locker services; foreign exchange services; investment products; and life, home, motor, health, travel, and business guard insurance products. The company’s treasury operations include investments in sovereign and corporate debt, investments in equity and mutual funds, trading operations, derivative trading, and foreign exchange operations; and retail banking services comprise lending to individuals/small businesses, liability products, card services, Internet banking, mobile banking, ATM services, depository, financial advisory services, and NRI services. Its corporate/wholesale banking services include corporate advisory services, placements and syndication, project appraisals, capital market related services, and cash management services. As of March 31, 2014, the company had a network of 2,402 domestic branches and extension counters, and 12,922 ATMs situated in 1,636 centres. The company also has branches in Singapore, Hong Kong, Dubai, Colombo, Shanghai, and Abu Dhabi. Axis Bank Limited was incorporated in 1993 and is based in Mumbai, India.

9,980 Employees
Last Reported Date: 07/5/07
Founded in 1993

axis bank ltd (AXSB) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: 29.7M
Head of Corporate Banking, Executive Director...
Total Annual Compensation: 18.9M
Compensation as of Fiscal Year 2014.

axis bank ltd (AXSB) Key Developments

AXIS Bank Limited Launches Fixed Home Loan Product

Axis Bank has launched a fixed home loan product for the tenure of 20 years, at 10.40% for loans up to INR 5 million with the product, Axis Bank will offer home loans to both salaried and self-employed individuals. For salaried customers, the fixed rate of 10.40% is available on all Vanilla Home Loan offerings including Balance Transfer schemes, and for the self-employed, the loan is available at interest rates starting from 10.65% for similar variants. The product has been specially created for customers wanting 'Affordable Housing' loans. The maximum loan amount offered will be INR 5 million for properties situated in metro locations and INR 4 million for properties situated in other locations. Customers are allowed to switch from fixed rate to floating rate or make a part payment/foreclosure any time during the tenure of the loan, by paying a switching fee or part payment/foreclosure fee respectively.

Axis Bank Ltd. Closes its Senior Unsecured Redeemable Non-Convertible Debenture Issue of INR 57,050 Million

Axis Bank Ltd. announced the closing of its senior unsecured redeemable non-convertible debenture issue of INR 57,050 million and priced at 8.85% per annum payable annually, maturing on December 05, 2024. The bank said the NCDs would be alloted to eligible investors on December 05, 2014.

SAIL Stake Sale On December 5

Steel Authority of India Limited (BSE:500113) (SAIL) may be sold. The government of India is set to kick off its INR 580 billion disinvestment program for 2014 - 2015 on December 5, 2014, with dilution of a 5% stake in SAIL. The steel ministry said that it would sell around 206.5 million shares in the company through the offer-for-sale (OFS) route. The government notification added that the offer would open at 9:15 AM and close at 3:30 PM on December 5, 2014 and the ministry would declare the floor price on December 4, 2014. The department of disinvestment in the finance ministry is planning to sell its stake in PSUs in 2014 through the OFS route, which has at least a 105 quota for retail investors, and takes 15-30 days for regulatory clearances. At current market price, sale of a 5% stake in SAIL will fetch the government about INR 17.4 billion. Government plans to raise INR 369.25 billion by selling its stake in 10 public-sector undertakings, including Oil and Natural Gas Corp. Ltd. (BSE:500312) (ONGC), Coal India Limited (BSE:533278) and NHPC Ltd. (BSE:533098), and Power Finance Corporation Limited (BSE:532810) (PFC), Rural Electrification Corporation Limited (BSE:532955) (REC) and Container Corporation of India Ltd. (BSE:531344). Additionally, the government plans to raise about INR 65 billion from part-sale of stake it holds through The Specified Undertaking of the Unit Trust of India in AXIS Bank Limited (BSE:532215), Larsen & Toubro Limited (BSE:500510), and ITC Limited (BSE:500875); and INR 150 billion from sale of its residual stake in Hindustan Zinc Ltd. (BSE:500188) and Bharat Aluminium Company Limited (Balco). Apart from SAIL, finance ministry officials are confident that Coal India, ONGC, and NHPC will hit the market by the end of January 2015. At current prices, the combined proceeds from these four public-sector behemoths will be around INR 429.11 billion. So far, however, there is less clarity on stake sales in the smaller companies, some of which might be shelved. The combined proceeds from sale of 5% each in Concor, PFC, REC and MOIL Limited (BSE:533286) could be about INR 52.1 billion at current rates, while the government expects about INR 55 billion from sale of 10% each in Hindustan Aeronautics Limited and Rashtriya Ispat Nigam Ltd.


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