Live Axis Bank Share Price Chart

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Axis Bank Performance

Days Range

Low: ₹1,179.00
High: ₹1,192.40
Previous Close ₹1,187.00
Open ₹1,188.00
Volume 40,18,776
Day’s Range ₹1,179.00 - ₹1,192.40
52W Range ₹910.20 - ₹1,196.00
Market Cap ₹3,65,059 Cr

Axis Bank Fundamentals

ROCE (TTM) 1.71
P/E Ratio (TTM) 13.84
P/B Ratio 2.34
Industry P/E 14.18
Debt to Equity NA
ROE 16.9
EPS (TTM) 85.46
Dividend Yield 0.08
Book Value 505.69
Face Value 2

Axis Bank Financials

Jun 2023Sep 2023Dec 2023Mar 2024
Profit before tax8,191.628,313.818,687.79,984.87
Net Profit6,098.956,217.686,493.367,613.55
EPS in Rs19.7920.1421.0624.63

About Axis Bank

History of Axis Bank

Having started its operations in 1994, Axis Bank is India’s one of the first new-generation private sector banks. In 1993, the bank was jointly promoted by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), General Insurance Corporation of India (GIC), Life Insurance Corporation of India (LIC), The New India Assurance Company(NIA), National Insurance Company(NIC), United India Insurance Company (UIIC) and the Oriental Insurance Company (OIC). As of March 31, 2023, LIC and SUUTI are the promoters of the bank. Axis Bank launched its IPO in 1998, and it is listed on several benchmark indices like Nifty 500, Nifty 50, S&P BSE Sensex, etc.

Axis Bank provides a wide range of financial services to different segments of customers, including Large and Mid-Corporates, Micro, Small and Medium Enterprises (MSME), Retail and Agriculture Businesses. They have over 4,903 domestic branches and 15,953 ATMs and cash recyclers in India. The bank also has more than 8 international branches in Dubai and Singapore and representative offices in UAE, Dhaka, London, etc. The international offices concentrate on Coverage Business, Corporate Lending, Trade Finance, Investment Banking, Syndication, Private Banking, Wealth Management offerings and Liability Businesses.

Axis Bank has been recognised with several awards, including the Issuer Investment Banker Award at the ASSOCHAM National Summit on Corporate Bond Market, Business Worlds India’s Most Sustainable Companies 2023 for Banking and NBFC Sector, Domestic Retail Bank of the Year – India and Digital Transformation of the Year – India by ABF Retail Banking Awards – 2023 and many more. 

Axis Bank Business Segments

The business segments of Axis Bank are classified into two broad categories: 

  • Corporate Banking: This includes credit services to SMEs and Large and Mid-corporates, transaction banking, treasury, which manages the funding of the bank, syndication, investment banking and trustee services. 
  • Retail Banking: Under this category, end-to-end customer services are included, like savings accounts, insurance, loans, and investment options like fixed deposits, mutual funds, debit cards, credit cards, and more. 

The subsidiary companies of Axis Bank include,

  • Axis Bank Foundation – The company works towards making a positive impact for financially and economically excluded people. Axis Bank conducts its CSR activities through the Axis Bank Foundation. 
  • Axis Asset Management Company – This company offers investment solutions to retail and institutional investors. 
  • Axis Capital – They are one of the leading financial experts that offers solutions in investment banking and institutional equities. 
  • Axis Finance – This company provides retail and wholesale financing options to retail and corporate customers. It is a AAA-rated diversified Non-Banking Financial Corporation (NBFC). 
  • Axis Securities – This subsidiary of Axis Bank provides investment solutions. 
  • Axis Trustee Services – This company provides Debenture Trusteeship services and is SEBI registered. 
  • Axis Pension Fund Management – As the name suggests, this subsidiary of Axis Bank provides retirement solutions by managing their pension during the working period. 
  • A.Treds – This company is one of India’s largest Trade Receivables electronic Discounting System (TReDS) platforms that offers collateral-free funds for MSMEs. 
  • Freecharge Payment Technologies – Freecharge is an online platform that provides financial solutions, such as lending, savings, investments, insurance and payments. 

Axis Bank Management Team

Amitabh Chaudhry, Managing Director and CEO

Amitabh Chaudhry joined Axis Bank on January 1, 2019. He started his career in 1987 with Bank of America and worked at various established organisations, including Infosys BPO, Infosys Technologies and HDFC Standard Life Insurance Company Limited. He did his graduation from BITS, Pilani and post-graduation in Business Management from IIM, Ahmedabad. He is part of several committees, including the IT Strategy Committee, Risk Management Committee, the Customer Service Committee, the Special Committee for Monitoring of Large Value Frauds, Acquisitions, Divestments and Mergers Committee and more.

Axis Bank Corporate Actions

Axis Bank announced a stock split from ₹10 to ₹2 per share. The ex-date was July 28, 2014, and the record date was July 30, 2014. 

Axis Bank SWOT Analysis 

Strengths

  • It is the third-largest private bank in India. 
  • As of March 31, 2023, Axis Bank has total assets of ₹13,17,326 crore. The bank’s CAGR from FY 2017-18 to FY 2022-23 grew by 14% in Total Assets and Advances and 16% in Deposits.

Weakness

  • The company is primarily focused only on wholesale banking, retail banking, corporate and treasury services. 

Opportunities 

  • The company can offer various banking services digitally.
  • The company can pursue acquisitions to touch a wider audience.  

Threats 

  • The company can face credit risk, trading risk, liquidity risks, regulatory risks, compliance risks, etc.  
  • The company can have huge competition from other players in the market.
Parent Organisation Axis Bank
Founded 1993
Managing Director Rakesh Makhija
NSE Symbol AXISBANK

Axis Bank Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Bank of Baroda ₹136,679.10

264.3

6.25 (-2.31%)

262.6 - 271.8View Peer Comparison
HDFC Bank Ltd ₹1,162,707.18

1530.5

2.80 (0.18%)

1524.8 - 1536.05View Peer Comparison
IndusInd Bank Ltd ₹113,539.18

1459.35

5.75 (-0.39%)

1449.1 - 1478.8View Peer Comparison
Union Bank of India ₹120,458.30

157.9

2.10 (-1.31%)

151 - 160.4View Peer Comparison
Indian Overseas Bank ₹133,507.74

70.6

3.90 (-5.23%)

69.35 - 75.55View Peer Comparison

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Axis Bank FAQs

What is the Share price of Axis Bank (AXISBANK)?

Axis Bank (AXISBANK) share price as of May 28, 2024, on NSE is Rs 1,183.40 (NSE) and Rs 1,182.40 (BSE) on BSE.

Can I buy Axis Bank (AXISBANK) shares?

Yes, You can buy Axis Bank (AXISBANK) shares by opening a Demat account with Angel One.

How do I buy Axis Bank (AXISBANK) from Angel One?

Axis Bank (AXISBANK) share can be brought through the following modes:
  1. Direct investment: You can buy Axis Bank (AXISBANK) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Axis Bank (AXISBANK) shares.

What is the total Asset of Axis Bank?

The total asset of Axis Bank is Rs. 1,195, 529 Crores.

What is the main business of Axis Bank?

Large and mid-sized corporations, MSME, agriculture, and retail businesses are among the customer categories that the Bank serves with its full range of financial services.

Who are the Largest shareholders of Axis Bank?

The Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd., and United India Insurance Company Ltd. are the largest shareholders in the Axis Bank.

What are the Subsidiaries that comes under Axis Bank?

Axis Securities and Sales Ltd., Axis Private Equity Ltd., Axis Trustee Services Ltd., Axis Asset Management Company Ltd., and Axis Mutual Fund Trustee Ltd., are the Bank’s five wholly-owned subsidiaries.