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 and CEO of Axis Bank, Shikha Sharma, former MD and 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. Sharma began her job at the bank by attending ...

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