Axis Bank has announced plans to infuse ₹1,500 crore into its wholly owned subsidiary, Axis Finance (AFL).
The bank’s board committee has approved the investment through a rights issue, which will be carried out in one or more tranches by March 31, 2027. The proposal was approved by the Reserve Bank of India (RBI) on March 10, 2026.
Focus on Growth Capital:
This capital infusion is aimed at boosting Axis Finance’s growth as a non-banking financial company (NBFC). Despite the investment, Axis Bank will continue to hold 100% ownership in the subsidiary.
Strong Financial Performance:
Axis Finance has shown steady growth in recent years:
- ₹2,297 crore in FY23
- ₹3,321 crore in FY24
- ₹4,296 crore in FY25
For the first half of FY26, the company has already recorded a turnover of ₹2,504 crore, indicating continued momentum.
Axis Bank :Complete Overview:
Axis Bank is one of India’s largest private sector banks offering a wide range of financial services.
- Founded: 1993 (as UTI Bank; renamed in 2007)
- Headquarters: Mumbai, India
- CEO & MD: Amitabh Chaudhry
- Type: Private Sector Bank
Conclusion:
The investment highlights Axis Bank’s focus on expanding its NBFC business and capitalizing on growth opportunities in the financial services sector.