Axis Bank has approved a plan to raise up to ₹20,000 crore through issuance of equity shares and equity-linked instruments, as part of its capital-raising strategy.
The proposed fundraise may be undertaken via Qualified Institutional Placement (QIP), American Depository Receipts (ADRs), Global Depository Receipts (GDRs), preferential allotment or other permissible modes, subject to shareholder and regulatory approvals. The move is aimed at strengthening the bank’s capital base to support future growth and business expansion.
The approval comes alongside the bank’s Q4 FY26 results, where net profit stood at ₹7,071 crore, slightly lower by 0.65% year-on-year. Net interest income (NII) for the quarter was reported at ₹14,457 crore, up 4.7% compared to the same period last year. Asset quality improved sequentially, with gross NPAs declining to 1.23% from 1.40% and net NPAs to 0.37% from 0.42%.
In addition, the board has recommended a final dividend of ₹1 per equity share (face value ₹2 each) for the financial year 2025–26, subject to shareholder approval at the upcoming Annual General Meeting. The dividend will be paid within 30 days from the conclusion of the AGM.
The equity fundraise is expected to provide additional growth capital as the bank continues to expand its lending franchise while maintaining strong capital adequacy.
Disclaimer: This article is based solely on the information provided and is for informational purposes only. It does not constitute investment advice.