Axis Bank Ltd.

AXIS Bank has informed that, with reference to earlier letter dated 9th February 2017, wherein they had clarified on the baseless newspaper reports on possible merger between Axis Bank and Kotak Mahindra Bank. In this connection, in light of repeated reports appearing in some sections of the media, they reiterate that the said news is baseless and unsubstantiated.

The above information is a part of company’s filings submitted to BSE.