Axis Bank soars on introducing digital US dollar FD for NRI customers
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Axis Bank is currently trading at Rs. 1042.55, up by 8.55 points or 0.83% from its previous closing of Rs. 1034.00 on the BSE.
The scrip opened at Rs. 1029.75 and has touched a high and low of Rs. 1044.00 and Rs. 1027.80 respectively. So far 5042006 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1151.50 on 05-Dec-2023 and a 52 week low of Rs. 826.60 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1066.70 and Rs. 1027.80 respectively. The current market cap of the company is Rs. 319801.49 crore.
The promoters holding in the company stood at 8.20%, while Institutions and Non-Institutions held 83.51% and 8.29% respectively.
Axis Bank has introduced digital US dollar fixed deposit (FD) for NRI customers at the IFSC Banking Unit (IBU) at GIFT City, Gujarat. With this introduction, Axis Bank becomes the first bank to offer a digital journey for GIFT City Deposits. NRI customers of the bank can now open US dollar fixed deposits at GIFT City through 'Open by Axis Bank'; the mobile banking application of the lender.
This offering simplifies the process of booking US dollar Fixed Deposit for NRI customers, by providing them an end-to-end digital paperless solution and eliminating the need for physical documentation. Besides seamlessly opening an FD account anytime from anywhere, customers can also track and manage their FD digitally.
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.
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