Axis Bank Share: Bank plans to raise Rs 5000 crore – know the details

News Topical, Digital Desk : Private sector bank Axis Bank Ltd on Friday (November 21) announced that it will raise up to ₹5,000 crore through the issuance of Series 9 fully paid-up, senior, rated, listed, unsecured, taxable, redeemable, long-term non-convertible debentures on a private placement basis. According to the bank, this will include a base size of ₹2,000 crore and a green shoe option of ₹3,000 crore to accommodate oversubscription.

This fundraising is part of the bank's authorized plan, under which the bank can raise up to ₹35,000 crore through debt securities, approved by its board of directors and shareholders. The Series-9 debentures will be fully paid, senior, rated, listed, unsecured, taxable, and redeemable long-term instruments.

September Quarter Results Axis Bank's net interest income (NII), or core income, rose 1.9% year-on-year to ₹13,744 crore for the quarter ended September 2025. Net profit for the period was ₹5,090 crore, lower than CNBC-TV18's estimate of ₹5,692 crore. The bank's net profit fell 26% year-on-year. Share Performance The company's shares closed 0.78% higher at ₹1,275.20 on Friday. The company's stock has gained 11.94% over the past year. 

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