Axis Bank is planning to raise funds by issuing Unsecured, Subordinated, Perpetual, Additional Tier 1, Basel III compliant Non-Convertible Debentures (NCDs) of the face value of Rs 10 lakh each for cash at par aggregating to Rs 3,500 crore. The Board of Directors of the Bank will consider the proposal to issue and allot the above Securities through Circular Resolution.
Axis bank offers wide range of services such as Personal Banking, Corporate Banking, NRI Banking, Priority Banking, VBV - Online purchases using Credit Card and VBV / MSC - Online purchases using Debit Card. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.
