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.
| Company Name | CMP |
|---|---|
| HDFC Bank | 795.85 |
| ICICI Bank | 1277.70 |
| Axis Bank | 1292.35 |
| Kotak Mahindra Bank | 379.35 |
| Indusind Bank | 946.60 |
| View more.. | |
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