RNS Number : 7769V

Axis Bank Limited

15 December 2021

AXIS/CO/CS/486/2021-22

December 15, 2021

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 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	22,205.00	22,205.00	[ICRA]AAA (Stable); reaffirmed
2	Infrastructure Bonds/Debentures	-	7,500.00	[ICRA]AAA (Stable); assigned
3	Basel III Compliant Tier II Bonds	16,350.00	16,350.00	[ICRA]AAA (Stable); reaffirmed
4	Lower Tier II Bonds	4,425.00	4,425.00	[ICRA]AAA (Stable); reaffirmed
5	Lower Tier II Bonds	1,500.00	-	[ICRA]AAA (Stable); reaffirmed and withdrawn
6	Basel III Compliant Tier I Bonds	7,000.00	7,000.00	[ICRA]AA+ (Stable); reaffirmed
7	Basel III Compliant Tier I Bonds	-	2,500.00	[ICRA]AA+ (Stable); assigned
8	Certificates of Deposit	60,000.00	60,000.00	[ICRA]A1+; reaffirmed
9	Fixed Deposit	-	-	MAAA (Stable); reaffirmed

The rating rationale letter of ICRA Limited received by the Bank on December 15, 2021 is attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/7769V_1-2021-12-15.pdf

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

Puneet Sharma

President & Chief Financial Officer

Encl.: As above

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCDKPBQNBDDBBD