Axis Bank Limited

Net Asset Value • Mar 13, 2023

National Storage Mechanism | Additional information

RNS Number : 7862S

Axis Bank Limited

13 March 2023

AXIS/CO/CS/591/2022-23

March 13, 2023

Dear Sir(s),      

SUB: Rating Action by ICRA 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 ICRA Limited has reaffirmed rating for various 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	33,480.00	33,480.00	[ICRA]AAA (Stable); reaffirmed
2	Basel III Tier II Bonds	23,580.00	23,580.00	[ICRA]AAA (Stable); reaffirmed
3	Basel II Lower Tier II Bonds	2,500.00	-	[ICRA]AAA (Stable); reaffirmed and withdrawn
4	Basel III Tier I Bond	3,000.00	3,000.00	[ICRA]AA+ (Stable); reaffirmed
5	Certificates of Deposit	60,000.00	60,000.00	[ICRA]A1+;reaffirmed
6	Fixed Deposit	-	-	[ICRA]AAA (Stable); reaffirmed

The rating rationale letter of ICRA Limited received by the Bank on March 13, 2023 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/7862S_1-2023-3-13.pdf

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