Axis Bank updates GMTN program following approvals

Axis Bank has updated its Global Medium Term Notes (GMTN) Program, with the Offering Circular dated December 26, 2025, now available on the websites of India International Exchange IFSC Limited (India INX), NSE IFSC Limited (NSE IX), and Singapore Exchange Limited (SGX). This allows the Bank to issue debt instruments, including Additional Tier 1 Notes or other permissible notes, in foreign currency or Indian rupees, subject to market conditions.

The Bank's Board of Directors had previously approved raising funds up to an amount of Rs. 35,000 crore through various debt instruments, including long-term bonds, masala bonds, and sustainable/ESG Bonds, in domestic and/or overseas markets. This approval, granted on April 24, 2025, was in accordance with relevant regulations, subject to shareholder approval.

Shareholders subsequently passed all necessary resolutions with the required majority at the Annual General Meeting held on July 25, 2025. The updated Offering Circular facilitates the bank's ability to issue these instruments under the GMTN Programme.