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20-Jul2017

Axis Bank advances on unveiling digital invoice discounting platform 'Invoicemart'

Axis Bank is currently trading at Rs. 526.40, up by 6.25 points or 1.20% from its previous closing of Rs. 520.15 on the BSE.

The scrip opened at Rs. 521.00 and has touched a high and low of Rs. 527.00 and Rs. 520.45 respectively. So far 91,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 638.00 on 07-Sep-2016 and a 52 week low of Rs. 424.60 on 10-Jan-2017.

Last one week high and low of the scrip stood at Rs. 527.00 and Rs. 506.70 respectively. The current market cap of the company is Rs. 1,25,983.00 crore.

The promoters holding in the company stood at 30.05%, while Institutions and Non-Institutions held 59.26% and 10.69% respectively.

Axis Bank has unveiled its digital invoice discounting platform 'Invoicemart', in order to improve access of funds to micro, small and medium sector enterprises (MSMEs).

Invoicemart is a platform created by A.TREDS, a joint venture of Axis Bank and Mjunction Services, one of the largest B2B e-commerce company.

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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