Banking major Axis Bank has announced the opening of two new branches at Sion (east) in the city and New Panvel near Mumbai.

The bank presently has 650 branches, 20 extension counters and 2,715 ATMs across India. The bank was earlier known as UTI Bank.

It also has a presence in Singapore, Hong Kong, Shanghai, and Dubai, and has plans to expand its global footprint further.

Earlier this month, Foreign fund Orient Global Tamarind Mauritius has picked up nearly one per cent stake in Axis Bank for Rs 237.85 crore in open market transactions. It has acquired 30 lakh equity shares at a price of Rs 792.85 each.

The bank's market capitalization as on March 9 stood at Rs 30,069 crore, making it the fourth largest bank in the country in terms of market capitalization.

The scrip of the bank gained 1 per cent to Rs 805 at the close of Friday's trading with over 2,51,000 shares changing hands on the National Stock Exchange. It touched an intraday high of Rs 816 and low of Rs 767.