Axis Bank Ltd.

Axis Bank, a private sector lender, is reportedly planning to raise Rs 2,500 crore for 10 years by issuing infrastructure bonds. These bonds will be issued under the new Reserve Bank of India (RBI) rules for lending to infrastructure and affordable housing projects. 

Earlier, the central bank had allowed banks to raise funds by selling special long-term bonds that are exempt from reserve requirements. The funds raised are also exempt from priority-sector norms under which banks have to channel 40% of the loans to agriculture, small businesses and weaker sections of society, making the sale of these bonds attractive for banks that finance infrastructure projects.

Axis Bank has 2,505 domestic branches & extension counters and 13,146 ATMs across the country, as on 30th September 2014, the network of Axis Bank spreads across 1,686 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services.