Axis Bank has raised Rs 3,000 crore through allotment of 30,000 Senior Unsecured Redeemable Non-convertible Debentures (NCDs) of the face value of Rs 10 lakh each, at coupon rate of 8.60% per annum (p.a.), on a private placement basis. The Committee of Whole-time Directors of the Company at its meeting held on December 28, 2018 has approved the same.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
