Rating Action

RNS Number : 8095I

Axis Bank Limited

06 December 2022

AXIS/CO/CS/428/2022-23

December 6, 2022

Dear Sir(s),

SUB: RATING ACTION BY INDIA RATINGS AND RESEARCH.

REF: REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").

This is to inform you that credit rating agency India Ratings and Research (Ind-Ra) has assigned Axis Bank Limited's Basel III Tier II Bonds and Infrastructure Bonds "IND AAA'/Stable; Affirms Other Ratings.

The instrument wise rating action along with rationale letter issued by India Ratings and Research dated December 6, 2022 is enclosed herewith.

This is for your information and records.

Thanking you.

With warm regards,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl.: As above

http://www.rns-pdf.londonstockexchange.com/rns/8095I_1-2022-12-6.pdf

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