Axis Bank fully redeems and cancels 7.167 % Callable Hybrid Tier I Notes

Aggregating USD 47,648,410 (including interest)

Axis Bank announced the full redemption and cancellation to holders of U.S.$46,000,000 - 7.167 % Callable Hybrid Tier I Notes (The Notes) issued pursuant to Axis Bank, acting through its Singapore Branch (formerly known as UTI Bank, acting through its Singapore Branch).

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