Axis Bank slips as RBI imposes penalty of Rs 93 lakh
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Axis Bank is currently trading at Rs. 790.00, down by 4.90 points or 0.62% from its previous closing of Rs. 794.90 on the BSE.
The scrip opened at Rs. 790.00 and has touched a high and low of Rs. 794.00 and Rs. 785.90 respectively. So far 80607 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. 626.40 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 800.65 and Rs. 767.20 respectively. The current market cap of the company is Rs. 242686.99 crore.
The promoters holding in the company stood at 9.70%, while Institutions and Non-Institutions held 77.43% and 12.73% respectively.
Reserve Bank of India (RBI) has imposed a penalty of Rs 93 lakh on Axis Bank for various violations, including those related to KYC guidelines. The private sector lender violated certain provisions on loans and advances, Know Your Customer (KYC) guidelines and 'levy of penal charges non-maintenance of minimum balances in savings bank accounts. The penalties are based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by them with their respective customers.
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.
