The Reserve Bank of India increased limit for foreign shareholding in the third-biggest private sector lender to up to 74 per cent from 62 per cent earlier.
Axis Bank rose 1.8% to Rs.575. The Reserve Bank of India has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolio Investors (RFPIs) can now invest from an existing 62% up to 74% of the paid up capital of Axis Bank Ltd. under the Portfolio Investment Scheme (PIS).
The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.30 per cent. The 1 month and 3 Month MCLRs are reduced by 10 basis points, while the overnight, 6months, 1 year, 2 year and 3 year MCLRs are reduced by 5 basis points.
The scrip opened at Rs. 571.8 and has touched a high and low of Rs. 575.4 and Rs. 569 respectively. So far 3342206(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 134836.32 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 613.4 on 16-Jul-2015 and a 52 week low of Rs. 366.65 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 570.7 and Rs. 542.15 respectively.
The promoters holding in the company stood at 29.71 % while Institutions and Non-Institutions held 57.25 % and 9.47 % respectively.
The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.30 per cent. The 1 month and 3 Month MCLRs are reduced by 10 basis points, while the overnight, 6months, 1 year, 2 year and 3 year MCLRs are reduced by 5 basis points.
The scrip opened at Rs. 571.8 and has touched a high and low of Rs. 575.4 and Rs. 569 respectively. So far 3342206(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 134836.32 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 613.4 on 16-Jul-2015 and a 52 week low of Rs. 366.65 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 570.7 and Rs. 542.15 respectively.
The promoters holding in the company stood at 29.71 % while Institutions and Non-Institutions held 57.25 % and 9.47 % respectively.
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