The Reserve Bank of India has approved the re-appointment of N. S. Vishwanathan as the Non-Executive (Part-time) Chairman of axis bank for a period of three years, effective from October 27, 2026 to October 26, 2029. This regulatory approval is subject to the condition that shareholders re-appoint him as an Independent Director for the said term.

The Board of Directors had previously approved the proposal on April 25, 2026, pending necessary clearances from the Reserve Bank of India and the bank's shareholders. The central bank communicated its approval via letter no. CO.DOR. HGG No.S2961/08-86-001/2026-27 dated July 7, 2026.

Shareholders will vote on the proposals for his re-appointment as both Non-Executive (Part-time) Chairman and Independent Director during the 32nd Annual General Meeting scheduled for Friday, July 31, 2026. The meeting notice was issued on April 25, 2026.

Key Details of Re-appointment

The re-appointment ensures continuity in leadership at the bank, contingent upon the approval of shareholders at the upcoming annual general meeting.

Axis Bank has priced an additional tranche of USD 100,000,000 Additional Tier 1 Notes under its USD 5,000,000,000 Global Medium Term Note (GMTN) programme. This issuance will be consolidated with the USD 500,000,000 Series 31 Additional Tier 1 Notes issued on June 30, 2026, bringing the total series aggregate to USD 600,000,000. The notes strengthen the bank's capital base and are listed on the Global Securities Market of the India International Exchange (IFSC) Limited and the Debt Securities Market of the NSE IFSC Limited.

The new tranche carries a fixed coupon rate of 6.875% per annum, payable semi-annually, matching the terms of the initial issuance. The issue price is set at 100.30% of the aggregate nominal amount, with the issue date scheduled for July 14, 2026. The instruments are perpetual with no fixed maturity date and are unsecured, ranking junior to the bank's Senior Notes. The use of proceeds remains consistent with the objectives outlined in the Offering Circular dated December 26, 2025.

Key Details of the Additional Issuance

The bank previously allotted USD 300,000,000 Senior Notes, categorized as Series 10, on June 30, 2026. These notes have a tenor of five years maturing on June 30, 2031, and offer a coupon of 5.348% per annum. The Additional Tier 1 Notes rank junior to these Senior Notes. The notes are not being offered or sold to persons resident in India or the United States.