Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 April, 2024 19:15 IST
Axis Bank dips as RBI imposes penalty of Rs 25 lakh
Source: IRIS | 03 Sep, 2021, 04.09PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

Shares of Axis Bank declined on Friday after the Reserve Bank of India (RBI) has imposed a penalty of Rs 25 lakh on the bank for contravention of certain provisions of Know Your Customer (KYC) norms.

The RBI said a scrutiny was carried out during February and March 2020 in a customer account maintained with Axis Bank, and it was observed that the bank had 'failed to comply' with directions contained in the Reserve Bank of India - KYC Direction, 2016.

Shares of Axis Bank are trading at Rs 792.90, down Rs 10.25, or 1.36% at the Bombay Stock Exchange (BSE) on Friday at 2.45 p.m.The scrip has touched an intra-day high of Rs 809.95 and low of Rs 787.60. The total volume of shares traded at the BSE is 153,650.

The stock has touched its 52-week high of Rs 819 and 52-week low of Rs 400 on September 1, 2021 and September 24, 2020 respectively.

 Post Comment
Name Email
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer