Axis Bank Ltd.

Credit Analysis & Research (CARE) has assigned ‘AAA’ rating to the Axis Bank’s Lower Tier II Bonds worth Rs 1500.00 crore.

The  bank has received the said rating on the back of its stable profitability, comfortable capitalization  levels, extensive branch network and strong Current Account-Saving Account (CASA) base and  track record of the experienced senior management.

Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering large and mid-corporate, SME, agriculture and retail business.