From the time the market opens to the time it closes, stock prices constantly fluctuate. No matter how long it’s been in business, every company faces constant stock price fluctuations and Axis Bank is no different. Ever since the company announced its December quarter earnings, Axis Bank`s share price has been getting a lot of attention from investors. And if you are planning to invest, we have got all the information you need to know. Scroll down to find the latest Axis Bank share value, the company’s performance in the last few years, its history, and more.
As of today, i.e. 15th March 2022, Axis Bank’s stock opened at ₹711.20 on NSE and ₹691.30 on the BSE stock exchange.
The below-depicted table displays additional information about Axis Bank’s NSE and BSE share prices as of 15th March 2022.
Here`s a graph depicting the rise and fall of Axis Bank stock in the last few months.
Axis Bank is the 3rd largest commercial bank in India. The bank provides a wide range of financial services to its customers, including large and mid-sized corporations, MSMEs, and retail and agriculture businesses.
It operates in 4 different segments such as retail banking, treasury, corporate/wholesale banking, and other related businesses.
As of 2020, the bank’s network comprises more than 4586 branches in India, with overseas operations in Dubai, Singapore, Shanghai, Columbo, Hong Kong, and London. For now, their international offices revolve around trade finance, corporate lending, syndication, and investment banking.
The following table displays Axis Bank’s price history from the month of January 2021 to the present, i.e., March 2022.
Established in 1993, Axis Bank has built quite a reputation in the 25+ years. It started as a single branch in Ahmedabad and has now become one of the most well-known banks in the country. Let’s take a look at its journey so far and the milestones that helped it gain the stature it holds today.
1993 - UTI Bank Limited was incorporated. It becomes the first private sector bank to receive a license under RBI’s new guidelines.
1997- Attained Depository Participant license and applied for SEBI registration under `Trustee to Debenture Holders`.
1998 - UTI Bank had 28 branches in semi-urban and urban areas. All of them were networked and computerized via VSAT. The bank also started offering ATM cards and launched a new retail product for the customers.
1999 - UTI Bank and Citibank launched a co-branded credit card (International).
2000 - The Bank launched Tele-Depository Services and an Internet Banking Product called `iConnect`. UTI Bank also signs an MoU with the equity master for e-broking purposes. The bank also signs MoU with Geojit Securities Limited and India Bulls and partners with L&T Trad for offering customized online trading solutions.
2001 - UTI Bank opens two offsite ATMs and one extension counter with an ATM in Mangalore.
2003 - UTI gets the authority to launch 16 ATMs on the Western Railway Stations of Mumbai Division. The bank also enters the Food Credit Programme with other private, public sector, old private sector, and cooperative banks. Furthermore, the bank allots shares to employees under the Employee Stock Option scheme.
2004 - UTI Bank partners with Shriram Group Cosm by opening a new branch in Udupi and unveils a premium payment facility via ATMs to its customers.
2005 - UTI Bank launches its 1st SRAC (Satellite Retail Assets Centre) in Karnataka
2006 - UTI Bank announces its priority banking lounge and credit card business. It became the first bank to issue Foreign Currency Hybrid Capital in the International Market.
2007- UTI Bank officially changes its name to Axis Bank Limited
2008- Axis Bank launches Platinum credit card, India`s first EMV chip-based card.
2009 - The Bank receives final clearance from the SEBI to commence its mutual fund operations and launch debt-equity schemes.
2010 - Axis Bank acquires a 4% stake in Max New York Life
2011- The Bank launched an online trading platform with a prepaid VISA card.
2012- Axis Bank joins hands with Baird for offering investment banking services.
2013 - Axis Bank launches multiple products and programs such as ISB Women Leadership Programme, Empower Home Loans, Senior Privilege Savings Account, Forex Card for students, Dream Home Festival.
2014 - The bank signs MoU with China Development Bank and features in the FAB 50 list of Forbes Asia.
2015 - Axis Bank became the third largest private sector bank in India.
2016 - The Bank gets approval from RBI - FIIs / RFPIs for investing 62% under Portfolio Investment
2017 - Axis Bank announces a new home loan product and makes a record as per fundraising plans.
Management of Axis Bank
Axis Bank boasts of one of the finest management teams. The key members are listed in the table below.
As of 15th March, Axis Bank’s stock returns performance is as follows:
The table below elaborates on Axis Bank’s performance from Financial Year 2019 to 2021.
Axis Bank’s stocks are available on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange Limited). The codes are as follows:
Here are the location and contact details of Axis Bank’s corporate office
As India’s third-largest bank in the private banking sector, Axis Bank is a safe choice to invest in. Consider the following factors if you are still not sure whether you should invest in the bank or not:
While things look positive for investors at the moment, we recommend that you do thorough research before making your final decision. You may as well take a look at the FAQ section below for answering some of the most common questions pertaining to Axis Bank.
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