Axis Bank Ltd.

Axis Bank is planning to raise Rs 5,000 crore from debentures to fund business growth. The bank has proposed to raise funds by issuing unsecured redeemable non-convertible subordinated debentures, Basel-III compliant tier 2 debentures (series 27) of the face value of Rs 10 lakh each for cash at par aggregating to Rs 5,000 crore.

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.