Axis Bank stock nosedives 60% in March, down to its 2014 level
Updated : March 24, 2020 03:51 PM IST
The stock has eroded 61 percent of its investors share value since the beginning of this year due to coronavirus, national lockdown and fears of rising NPAs (bad loans).
The private lender slipped further on March 23 from Rs 428 to Rs 302, a fall of 30 percent in a single day.
The Bank in a media statement also said that it will waive off charges for savings account, current account and prepaid card customers between March 23- March 31.