Axis Bank begins issuing debt securities under ₹35,000 crore-debt raise plan
The Hindu
The shareholders of Axis Bank had approved the proposal in bank’s annual general meeting in July
Axis Bank on August 30 said it has started issuing debt securities under its ₹35,000 crore-debt raise plan announced earlier this year. In April, the private sector lender had said that its board had approved capital raise proposal up to ₹35,000 crore by issuing various debt instruments in Indian or foreign currency in domestic/overseas markets in one or more tranches. The shareholders of the bank had approved the proposal in bank’s annual general meeting in July.
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