8 Apr 2022 , 11:10 AM
Whereas Rs60,000 crore certificate of deposits’ ratings are reaffirmed at ‘CRISIL A1+’.
The rating agency also reviewed Rs850 crore Tier II Bonds (Under Basel III), Rs2,500 crore Tier II Bonds (Under Basel III), Rs5,000 crore Tier II Bonds (Under Basel III), Rs2,000 crore Tier II Bonds (Under Basel III), Rs4,000 crore Tier II Bonds (Under Basel III). All of these instruments’ ratings were reaffirmed at ‘CRISIL AAA/Stable’.
Bank’s Infrastructure bonds of all categories have been rated as ‘CRISIL AAA/Stable’.
On March 30, 2022, Axis Bank and Citibank has approved the acquisition of Citibank’s consumer businesses (credit cards, retail banking, wealth management, asset backed financing and consumer loans) in India by Axis Bank. Axis Bank will pay a consideration of up to Rs12,325 crore to Citibank for this transaction.
CRISIL Ratings has combined the business and financial risk profiles of Axis Bank and its subsidiaries because of majority shareholding, business, and financial linkages, and shared brand.
Axis Bank is currently trading at Rs793.30 up by Rs1.25 or 0.16% from its previous closing of Rs792.05 on the BSE. The scrip opened at Rs794 and has touched day’s high and low of Rs798.65 and Rs789.30 respectively.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.