Axis Bank surges on strengthening partnership with Paisabazaar.com
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Axis Bank is currently trading at Rs. 681.00, up by 12.00 points or 1.79% from its previous closing of Rs. 669.00 on the BSE.
The scrip opened at Rs. 669.00 and has touched a high and low of Rs. 681.40 and Rs. 669.00 respectively. So far 4828 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. 616.30 on 31-Dec-2020.
Last one week high and low of the scrip stood at Rs. 681.40 and Rs. 656.15 respectively. The current market cap of the company is Rs. 205226.57 crore.
The promoters holding in the company stood at 11.64%, while Institutions and Non-Institutions held 76.70% and 11.66% respectively.
Paisabazaar.com, India’s largest digital marketplace for consumer credit, has strengthened its partnership with Axis Bank by launching a Pre-Qualified Program for unsecured loans on its platform.
The Pre-Qualified program on Paisabazaar.com entails deep technology and analytics collaboration with Banks and NBFCs, which enables select customers to view customized and pre-qualified lending offers on the fintech's platform. Axis Bank customers, both salaried and self-employed, who are eligible for pre-qualified personal loans from the bank, will now be able to view and apply for the same offers through the Paisabazaar platform as well. This integration would lead to instant access to credit for these select customers through an end-to-end digital process, which can be completed through the click of a few buttons on Paisabazaar.
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.
