Axis Bank to mull fund raising via debt route on April 28

9 Apr 2022 , 10:33 AM

The borrowing would be done either in Indian currency or in foreign currency.

On the same day, the board of the private bank will also consider and approve the audited standalone and consolidated financial results of the bank for the quarter and year ended 31 March 2022.

The board shall also recommend the final dividend for the year ended 31 March 2022.

Axis Bank is the third-largest private sector bank in India. With its 4,700 domestic branches (including extension counters) and 11,060 ATMs across the country as on 31st December 2021, the network of Axis Bank spreads across 2,665 centers.

The private sector banks net profit increased by 224% to Rs 3,614 crore on 9.48% increase in total income to Rs 21,101.48 crore in Q3 December 2021 over Q3 December 2020.

Shares of Axis Bank advanced 0.36% to end at Rs 794.90 on the BSE yesterday.

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