Axis Bank has received approval to borrow/ raise funds in Indian Currency /Foreign Currency by issue of debt Instruments including but not limited long term bonds, nonconvertible debentures, perpetual debt instruments and Tier II Capital Bonds or such other debt securities as may be permitted under RBI guidelines, from time to time, up to an amount of Rs 35,000 crore.
The meeting of Board of Directors of the bank held on April 28, 2020 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.
