Axis Bank to Raise ₹5,000 Crore Via Private Placement of Debt Securities

On November 21, Axis Bank announced its plans to raise ₹5,000 crore through the issuance of fully paid, senior, rated, listed, unsecured, taxable, redeemable, long-term non-convertible debentures (NCDs) under Series-9 via private placement. This forms part of the bank’s previously disclosed ₹35,000 crore debt-raising program.

Axis Bank Fund Raise Details

The issuance will comprise a base amount of ₹2,000 crore, with a green shoe option allowing the bank to accept oversubscription of up to ₹3,000 crore, aggregating to ₹5,000 crore. Earlier in July, the Board of Directors had approved the broader plan to raise up to ₹35,000 crore through private placement of debt securities.

Axis Bank Q2FY26 Earnings Highlights

Axis Bank delivered a steady operational performance in Q2FY26, underpinned by stable net interest income (NII) and strong fee-based revenues. NII increased by 1% quarter-on-quarter (QoQ) and 2% year-on-year (YoY), with the net interest margin (NIM) holding steady at 3.73%. Fee income demonstrated robust growth, rising 5% QoQ and 10% YoY, driven by a granular mix that accounted for 91% of total fees, while retail fees alone expanded 10% YoY. On the liability side, the bank strengthened its market share in MEB deposits, continuing its focus on average deposits.

Total deposits on a QAB basis increased 4% QoQ, with term deposits up 4%, savings accounts up 4%, and current accounts showing a slight variation. The CASA ratio improved to 40%, and the average LCR outflow rate was 27.2%, while the cost of funds declined by 30 bps YoY and 24 bps QoQ. On the asset front, advances rose 12% YoY and 5% QoQ, with the bank’s focus segments reflecting similar growth.

The SBB, SME, and mid-corporate portfolio reached ₹2,658 billion, representing 24% of total loans and growing 20% YoY—a gain of approximately 738 bps over the past four years. Retail loans expanded 6% YoY, supported by a 14% YoY increase in the SBB book and a 2% YoY growth in rural loans, underscoring the bank’s strategy of nurturing a granular, diversified loan portfolio.

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