Outcome of board meeting of Axis Bank

Held on 26 April 2018

Axis Bank announced that the Board of Directors at its meeting held on 26 April 2018 approved the following -

Approved increase in borrowing limits of the Bank upto Rs. 200,000 crore (Rupees Two Lakh Crore only), for borrowings (apart from deposits of money accepted from public in the ordinary course of its business, temporary loans repayable on demand or within six months from the date of the loan, if any, obtained from the Bank's bankers) in terms of Section 180 ( 1 ) (c) of the Companies Act, 2013 and Article 54 of the Articles of Association of the Bank, subject to the approval of the Shareholders of the Bank al the 24th AGM.

Authorised the Bank to borrow/ raise funds in Indian Currency / Foreign Currency by issue of debt Instruments including but not limited long term bonds, non-convertible debentures, perpetual debt instruments and Tier II Capital Bonds or such other debt securities as may be permilled under RBI guidelines, from time to time, upto an amount of Rs.35,000 crore (Rupees Thirty Five Thousand crore only), in terms of Section 42 of the Companies Act. 2013 read with Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014, the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and the Listing Regulations, subject to the approval of the Shareholders of the Bank at the 24th AGM.

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