Approval of Competition Commission of India

AXIS/CO/CS/230/2022-23

July 26, 2022

Dear Sir(s),

SUB: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Receipt of approval of Competition Commission of India.

This is in reference to our letter no. AXIS/CS/CO/697/2021-22 dated March 30, 2022, informing you about purchase of the Citibank's India Consumer Business from Citibank N.A. (acting through its branch in India) ("CBNA") and the NBFC Consumer Business from Citicorp Finance (India) Limited ("CFIL"), subject to fulfilment of specific conditions and obtaining requisite approvals.

In this regard, we would like to inform you that we have received intimation from the Competition Commission of India vide its letter dated July 26, 2022, that the combination has been considered and approved at its meeting held on July 25, 2022.

This is for your information and records.

Thanking you,

Yours Sincerely,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

http://www.rns-pdf.londonstockexchange.com/rns/8074T_1-2022-7-26.pdf