Proposed placement of Equity Shares with QIB

Proposed placement of Equity Shares with Qualified Institutional Buyers ("QIBs") under Chapter VIII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended - Opening of QIP issue - Axis Bank

We wish to inform you that, in respect of the above captioned issue, the duly authorised Committee of the Board of the Bank, has today decided to open the Issue on January 28, 2013. In this regard we attach a certified copy of the resolution passed by the duly authorised Committee of the Board on 28th January, 2013, for your information and record.