Axis Bank Limited

Net Asset Value • Sep 20, 2022

National Storage Mechanism | Additional information

RNS Number : 9307Z

Axis Bank Limited

19 September 2022

AXIS/CO/CS/312/2022-23

September 19, 2022

Dear Sir(s),           

SUB: Rating Action by ICRA LIMITED - [ICRA]AA+ (Stable) assigned to Basel III Tier I bonds; ratings reaffirmed

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

This is to inform you that credit rating agency ICRA Limited has assigned /reaffirmed rating for various debt instruments of Axis Bank Limited ("Bank"), as under:

Sr. No.	Instrument	Previous Rated Amount (Rs. crore)	Current Rated Amount (Rs. crore)	Rating Action
1	Infrastructure Bonds/Debentures	29,705.00	29,705.00	[ICRA]AAA (Stable); reaffirmed
2	Basel III Tier II Bonds	16,350.00	16,350.00	[ICRA]AAA (Stable); reaffirmed
3	Basel II Lower Tier II Bonds	2,500.00	2,500.00	[ICRA]AAA (Stable); reaffirmed
4	Basel II Lower Tier II Bonds	1,925.00	-	[ICRA]AAA (Stable); reaffirmed and withdrawn
5	Basel III Tier I Bonds	2,500.00	2,500.00	[ICRA]AA+ (Stable); reaffirmed
6	Basel III Tier I Bonds	-	500	[ICRA]AA+ (Stable); assigned
7	Basel III Tier I Bonds	7,000.00	-	[ICRA]AA+ (Stable); reaffirmed and withdrawn
8	Certificates of Deposit	60,000.00	60,000.00	[ICRA]A1+; reaffirmed
9	Fixed Deposit	-	-	[ICRA]AAA (Stable); reaffirmed

The rating rationale letter of ICRA Limited received by the Bank on September 19, 2022 is attached herewith.

You are requested to take the above on record and bring this to the notice of all concerned.

Thanking you.

Yours sincerely,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl.: As above

http://www.rns-pdf.londonstockexchange.com/rns/9307Z_1-2022-9-19.pdf 

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