Axis Bank rises on inking pact with Spice Money
Axis Bank is currently trading at Rs. 902.80, up by 3.50 points or 0.39% from its previous closing of Rs. 899.30 on the BSE.
The scrip opened at Rs. 896.10 and has touched a high and low of Rs. 905.50 and Rs. 896.10 respectively. So far 45485 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 919.95 on 27-Oct-2022 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. 907.80 and Rs. 885.20 respectively. The current market cap of the company is Rs. 277495.25 crore.
The promoters holding in the company stood at 9.69%, while Institutions and Non-Institutions held 78.36% and 11.94% respectively.
Fintech player Spice Money has partnered with Axis Bank to facilitate opening of instant, zero balance savings or current accounts for rural citizens through its Adhikari network.
Through this association, Spice Money aims to bridge the rural-urban divide and bring financial inclusivity by providing access to banking products to the last mile at their doorstep, thereby financially empowering thousands of rural citizens living in the hinterlands of India.
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.
