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Axis Bank Limited ( (IN:AXISBANK) ) has shared an update.
Axis Bank Limited has announced that the provisions of Chapter XII related to fund raising by issuance of debt securities by large corporates do not apply to the bank. This clarification is due to the bank’s status as a Scheduled Commercial Bank, which exempts it from these specific regulatory requirements, potentially impacting its operational strategies and compliance obligations.
More about Axis Bank Limited
Axis Bank Limited is a Scheduled Commercial Bank in India, operating in the financial services industry. The bank provides a wide range of banking and financial products and services to its customers, focusing on both retail and corporate sectors.
YTD Price Performance: -0.25%
Average Trading Volume: 319,480
Current Market Cap: 3312.2B INR
For an in-depth examination of AXISBANK stock, go to TipRanks’ Stock Analysis page.