Axis Bank Ltd.

Axis Bank is planning  to raise funds by issuing unsecured subordinated, perpetual, additional tier I, Basel III compliant non-convertible debentures (NCDs) of the face value of Rs 10 lakh each for cash at par aggregating to Rs 3500 crore. The board of directors of the bank will consider the proposal to issue and allot the securities through circular resolution. With bond yields falling in line with policy rate changes, raising funds via NCDs has become a cheaper source.

Axis bank offers wide range of services such as Personal Banking, Corporate Banking, NRI Banking, Priority Banking, VBV - Online purchases using Credit Card and VBV / MSC - Online purchases using Debit Card. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.