Axis Bank seeks shareholder nod to raise Rs 55,000 crore in FY27

Axis Bank will seek shareholder approval at its July 31 AGM to raise up to Rs 55,000 crore in FY27, comprising Rs 20,000 crore via equity shares/convertible securities and Rs 35,000 crore via debt instruments on a private placement basis. MD & CEO Amitabh Chaudhry highlighted strong deposit franchise growth, with premium NTB acquisitions up 25% YoY, premium salary accounts up 38% YoY, and average NTB balances rising 53% YoY. The capital raise plan is aimed at further strengthening the bank's balance sheet.