Axis Bank gets nod for fund raising of Rs 35,000 crore via debt instruments

30 Apr 2022 Evaluate

Axis Bank has received an approval to borrow/ raise funds in Indian / Foreign Currency by issue of debt Instruments including but not limited long term bonds, non-convertible debentures, perpetual debt instruments, AT 1 Bonds, infrastructure bonds 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 in terms of Section 42 of the Companies Act, 2013, the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 and the Listing Regulations, subject to approval of the members of the Bank. The Board of Directors of Bank at its meeting held on April 28, 2022, 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.

Axis Bank Share Price

648.40 -6.05 (-0.92%)
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Peers
Company Name CMP
HDFC Bank 1352.00
ICICI Bank 719.45
Axis Bank 648.40
Indusind Bank 823.95
Kotak Mahindra Bank 1662.75
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