Axis Bank Limited has informed the Exchange about Credit Rating
AXISBANK · price
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ICRA has assigned [ICRA]AAA(Stable) to Axis Bank's new infrastructure bonds of Rs 8,000 crore and reaffirmed ratings across all other instruments at their existing levels. These include [ICRA]AAA(Stable) on existing infrastructure bonds (Rs 27,775 crore), Basel III Tier II bonds (Rs 22,730 crore), and fixed deposits; [ICRA]AA+(Stable) on Basel III Tier I bonds (Rs 5,000 crore); and [ICRA]A1+ on certificates of deposit (Rs 60,000 crore). Ratings on Rs 850 crore of Basel III Tier II bonds and Rs 5,705 crore of infrastructure bonds were withdrawn as these instruments were fully redeemed at maturity. The reaffirmation is backed by Axis Bank's position as the third-largest private sector bank (5.7% share in advances), strong capital ratios (CET I at 14.67%, CRAR at 17.07%), healthy return on assets of 1.71%, and stable asset quality with gross NPAs at 1.38% as of March 31, 2025.
Retention of the highest investment-grade AAA(Stable) rating confirms Axis Bank's strong creditworthiness and low default risk, which is positive for bondholders and the bank's future borrowing costs. The Stable outlook and assignment of a fresh AAA rating on new infrastructure bonds signal continued investor confidence and room for further fundraising.