All You Need To Know About Axis Bank And Its Share And Its Price
One of the third largest banks of the private sector finance of our country, Axis Bank has its headquarters in Mumbai, Maharashtra; the financial capital of the country. The financial services offered by the bank range from large companies, mid-sized companies, insurance companies, corporate bodies, and individual investors.
Axis bank was previously named as the UTI Bank and came into operations from December 1993 after which it began its operations after the Government of India allowed private banks to be established. UTI bank has served a million milestones before it became famously known as the Axis Bank. UTI bank became the first Indian bank to launch travel currency card in the year 2003. It even got listed on the London Stock Exchange market in 2005. After serving a lot as the UTI Bank; it changed its name to Axis Bank in the year 2007 and got the famous Bollywood actress Deepika Padukone to function as its brand ambassador.
Various Initiatives were taken by the Axis Bank
There are a number of new services that came into the picture after the proper implementation of policies and great thoughtful process. Some of the most unique initiatives taken up by the Axis Bank were:
- Axis Pay
- Ping Pay
- Augmented reality
- Axis thought factory
- Insta personal loan
- Locker Booking
- Microfinance Institutions (MFI) lending
- Multi-currency Forex cards
- Asha home loans
- ISIC forex card
A brief insight about the Axis bank shares and its price
There would be many of you wan to know about this and therefore this is being emphasized here. The bank has its 30.81% of shares owned by the United India Insurance Company limited, Oriental Insurance Company Limited, National Insurance Company Limited, New India Assurance Company Limited, Life insurance Corporation of India, UTI and GIC. All these insurance firms are called as the promoters and promoter group.
The rest of 69.16% shares are held by mutual funds, FIIs, banks, insurance companies, corporate bodies and individual investors. The price of Axis bank shares as of 2nd November 2018 is INR 617.30. The value of its share is appreciated by INR 15.15 or 2.52%. On an average the share value of Axis Bank has achieved its highest value since 2016 and the risk factor associated is around 5%. The shareholders holding the shares include FII holding 48.21%, promoter share holding 25.01%, public shareholding of 4.70% and DII share holding of 11.32%. Having more knowledge always makes easy for you so do keep this in mind.
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