Axis Bank to raise Rs 3,000-crore debt
Axis Bank, the country’s third largest private sector bank, on Monday announced plans to raise Rs 3,000-crore debt in local or overseas markets for meeting its tier-I and tier-II capital needs.
Presiding over her first board meeting, on her first day in office as managing director & CEO of Axis Bank, Shikha Sharma, former MD & founder CEO of ICICI Prudential Life Insurance, announced plans for raising the capital in tranches.
The bank plans to raise Rs 500 crore of debt for its tier-I capital and the rest towards tier-II capital.
To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com/
Presiding over her first board meeting, on her first day in office as managing director & CEO of Axis Bank, Shikha Sharma, former MD & founder CEO of ICICI Prudential Life Insurance, announced plans for raising the capital in tranches.
The bank plans to raise Rs 500 crore of debt for its tier-I capital and the rest towards tier-II capital.
To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com/
Labels: Axis bank, bank plans, battle plans, board meeting, CEO, largest private sector bank, life insurance, no financial interest, overseas markets, shikha sharma, tier I and tier II
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