Staying in step with the State Bank of India, Axis Bank on Friday cut interest rates by 17 basis points to 75 basis points on deposits of less than a year. For deposits above one-year, rates have been reduced by 15 basis points to 25 basis points.
Staying in step with the State Bank of India , Axis Bank on Friday cut interest rates by 17 basis points to 75 basis points on deposits of less than a year. For deposits above one-year, rates have been reduced by 15 basis points to 25 basis points. Furthermore, the maximum that the bank is offering on maturities is 8.9 percent.
Axis Bank stock price
On December 08, 2014, Axis Bank closed at Rs 496.65, down Rs 1.8, or 0.36 percent. The 52-week high of the share was Rs 506.00 and the 52-week low was Rs 216.68.
The company's trailing 12-month (TTM) EPS was at Rs 28.47 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 17.44. The latest book value of the company is Rs 161.83 per share. At current value, the price-to-book value of the company is 3.07.
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