Axis Bank Limited

Net Asset Value • Apr 8, 2022

National Storage Mechanism | Additional information

RNS Number : 8620H

Axis Bank Limited

08 April 2022

AXIS/CO/CS/17/2022-23

April 8, 2022

Dear Sir(s),           

SUB: RATING ACTION BY CARE RATINGS LIMITED.

REF: REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").

This is to inform you that credit rating agency CARE Ratings Limited has reaffirmed rating for various instruments of Axis Bank Limited ("the Bank"), as under:

Sr. No.	Facilities/Instruments	Amount (Rs. crore)	Rating	Rating Action
1	Lower Tier II Bonds (BASEL II)	1,800.00	CARE AAA; Stable (Triple A; Outlook: Stable)	Reaffirmed
2	Lower Tier II Bonds (BASEL II)	1,000.00	CARE AAA; Stable (Triple A; Outlook: Stable)	Reaffirmed
3	Lower Tier II Bonds (BASEL II)	1,500.00	CARE AAA; Stable (Triple A; Outlook: Stable)	Reaffirmed
4	Lower Tier II Bonds (BASEL II)	2,000.00	CARE AAA; Stable (Triple A; Outlook: Stable)	Reaffirmed
5	Lower Tier II Bonds (BASEL II)	1,500.00	CARE AAA; Stable (Triple A; Outlook: Stable)	Reaffirmed
6	Tier II Bonds (BASEL III)	3,350.00	CARE AAA; Stable (Triple A; Outlook: Stable)	Reaffirmed
7	Infrastructure Bonds	8,500.00	CARE AAA; Stable (Triple A; Outlook: Stable)	Reaffirmed
	Total Instruments	19,650.00 (Rs. Nineteen thousand six hundred fifty crore only)

The rating rationale letter of Care Ratings Limited dated April 8, 2022 is attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/8620H_1-2022-4-8.pdf

This is for your information and records.

Thanking you.

With warm regards,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl.: As above

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