Axis Bank's Massive ₹5,000 Crore Funding Drive & Mixed Q2: Are Investors Ready?

Overview

Axis Bank plans to raise up to ₹5,000 crore by issuing non-convertible debentures. In its Q2 results, Net Interest Income rose 1.9% to ₹13,744 crore, but net profit dropped 26% year-on-year to ₹5,090 crore, partly due to a ₹1,231 crore provision for crop loans.