Press Release issued by the Reserve Bank of India

Dear Sir(s),

SUB: AXIS BANK receives approval from RBI - FIIs / RFPIs CAN INVEST UP TO 62 PER CENT UNDER PORTFOLIO INVESTMENT SCHEME (PIS)

REF: REGULATION 30 READ WITH PARA B OF SCHEDULE III OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

Please find attached herewith the Press Release issued by the Reserve Bank of India today, allowing Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) to invest up to 62 per cent of the paid up capital of M/s Axis Bank Ltd. under the Portfolio Investment Scheme (PIS).

A copy of the RBI Press Release is attached for your ready reference.  

You are requested to take note of above and arrange to bring it to the notice of all concerned.

Thanking You.

Yours sincerely,

For Axis Bank Limited

Girish V. Koliyote

Company Secretary

Encl.: as above

http://www.rns-pdf.londonstockexchange.com/rns/7772Z_-2016-5-31.pdf