Axis Bank Ltd.

Axis Bank, a private sector lender, has raised Rs 3,000 crore by allotting non-convertible debentures. The bank has allotted 30,000 senior unsecured redeemable non-convertible debentures of the face value of Rs 10 lakh each for cash at par aggregating to Rs 3,000 crore on private placement basis.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.