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Axis Bank sets aside Rs. 100 crore Fund to help fight COVID-19

Posted On: 2020-03-23 18:08:05

In view of the evolving situation around the spread of Covid-19 in communities, Axis Bank has set aside Rs. 100 crore to support customers, employees, vendors, government agencies and the community at large towards curbing the spread of coronavirus.

Axis Bank reaches out to over 2.6 crore customers in the country. With a view to support customers and the entire nation, Axis Bank has decided to waive off charges for Savings Account, Current Account and Prepaid Card customers (wherever applicable) towards Online IMPS and ATM financial and non-financial transactions, for the period 23rd Mar - 31st Mar'20 (both days inclusive).

Amitabh Chaudhry, MD & CEO, Axis Bank, said, "Axis Bank stands one with the nation, in its battle to ward off the biggest threat in recent times. At this point, it's critical to join hands, support people and communities to stand together in our fight against the pandemic. I would like to reiterate our Honorable Prime Minister's message of social distancing, displaying resolve and restraint. My appeal to all customers would be to use our comprehensive digital solutions, thereby cutting down on physical interactions. We are waiving off charges on various transactions, to ensure seamless and convenient banking for our customers. We will keep continuing with our efforts in supporting the nation and its people at this crucial juncture."

Shares of AXIS BANK LTD. was last trading in BSE at Rs.308.35 as compared to the previous close of Rs. 428.35. The total number of shares traded during the day was 1149215 in over 28510 trades.

The stock hit an intraday high of Rs. 410 and intraday low of 301. The net turnover during the day was Rs. 383268689.


Source: Equity Bulls

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