Axis Bank begins issuing debt securities to raise ~35,000 crore

Axis Bank on Monday said it had started issuing debt securities under its ~35,000 crore-debt raise plan announced earlier this year. In April, the private sector lender had said that its board had approved capital raise proposal up to ~35,000 crore by issuing various debt instruments in Indian or foreign currency in domestic/overseas markets in one or more tranches. The shareholders of the bank had approved the proposal in bank's annual general meeting in July.