Axis Bank’s subsidiary -- Axis Asset Management Company has raised commitments of Rs 400 crore from domestic institutions and high net worth individuals which will be loaned to realty companies across the major cities.
The fund will be targeting investments through structured debt route in top eight cities and will look for developers with an established track record of delivery a potential for future growth.
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.
