Axis Bank has announced its plan to raise up to ₹5,000 crore through the issuance of Series-9 long-term non-convertible debentures (NCDs) on a private placement basis. The move is part of the bank’s previously authorised framework to secure up to ₹35,000 crore via debt securities, a strategy approved by both the Board of Directors and shareholders. Advertisement

The bank said the issuance will include a base size of ₹2,000 crore and a green shoe option of ₹3,000 crore to retain oversubscription, taking the total proposed fundraise to ₹5,000 crore.

The Series-9 debentures are structured as fully paid, senior, rated, listed, unsecured, taxable, and redeemable instruments.

The current fundraising initiative forms part of the bank’s efforts to support its balance sheet and address regulato

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