Axis Bank, one of India’s leading private sector lenders, announced a comprehensive capital raising plan after its board approved multiple proposals at its meeting held on April 24, 2025. The board has recommended a final dividend of ₹1 per share (on a face value of ₹2), which translates to 50% of face value for the financial year ended March 31, 2025. The dividend is subject to shareholder approval at the upcoming 31st Annual General Meeting.
As part of its capital augmentation strategy, the bank has approved:
- Raising up to ₹35,000 crore via debt instruments, including bonds (both domestic and foreign currency), sustainable/green bonds, Tier I and Tier II instruments, and other permissible instruments under RBI guidelines.
- Raising up to ₹20,000 crore via equity-related instruments, such as Qualified Institutional Placement (QIP), American Depository Receipts (ADR), Global Depository Receipts (GDR), preferential issues, or other modes as deemed fit by the board.
- An increase in borrowing limit up to ₹3,00,000 crore, specifically for raising funds via term deposits or loans for general banking and operational needs.
