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Axis Bank to raise around $100 million from IFC

10 Dec 2014 Evaluate

Axis Bank is planning to raise around $100 million from International Finance Corporation (IFC). The World Bank's investment arm will invest in fixed-rate, infrastructure bond issued by Axis Bank. IFC's participation is expected to attract sufficient liquidity from other high-quality domestic and foreign investors to support the bond issue.

Axis Bank is the third largest private sector bank in India, with assets of around $64 billion as of September 30, 2014. It offers the entire spectrum of financial services to customer segments covering infrastructure, large and mid-corporate, MSME, agriculture and retail businesses.

Axis Bank Share Price

1292.35 -3.75 (-0.29%)
07-May-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 795.85
ICICI Bank 1277.70
Axis Bank 1292.35
Kotak Mahindra Bank 379.35
Indusind Bank 946.60
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