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Axis Bank Limited — Bonds & AAA (CRISIL) Rating

Bank · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AAA (CRISIL)
Most common current rating on senior bonds
4 of 4 rated · CRISIL, 30 Nov 2025
Total Debt Outstanding
₹47,201 Cr
Across 11 instruments
Active Bonds
11
First Issue
23 Nov 2016
Latest Issue
26 Nov 2025
Maturity Range
2026 - 2035
Observation
11 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 18 Aug 2026 Credit rating disclosure Credit Rating
Issuer health card Nothing flagged on record
  • Current ratings CRISIL AAA
  • Rating range All current ratings are AAA (CRISIL 30 Nov 2025)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 30 Nov 2025
  • Payment record 1 payment disclosure since 17 Jul 2026: all on time
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 3 of 11 active bonds had an exchange trade
  • Exchange filings, 90 days 69 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Axis Bank Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Financial Services
Issuer Type
Bank
First Tracked Bond
23 Nov 2016
Start of this issuer's debt program timeline
  • 11 active bonds tracked from this issuer.
  • 0 of 10 tracked bonds with a stated security status are secured. (based on 10 bonds with a disclosed security status)
  • Most recent rating action: reaffirm by CRISIL on 13 Jul 2026.

Axis Bank Limited is a bank or financial institution in the Financial Services sector. Coupon rates on outstanding bonds range from 6.99% - 8.75%, paid annually. Bonds mature between 2026 - 2035.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
11
Tracked by RetailBonds
Amount Tracked
₹47,201 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 10 of 11 bonds)
Avg Coupon
7.86%
Range 6.99% - 8.75%
Avg Remaining Tenure
4.3 Yrs
Nearest maturity Nov 2026
Secured
0%
0 of 10 bonds with known status
Callable
0
Of 11 bonds
Avg Spread vs G-Sec
+83 bps
Credit premium, from 3 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (2 bonds).

0 2026: 1 bond, ₹1,800 Cr tracked, avg coupon 7.84% 1 bond 2026 2027: 2 bonds, ₹9,125 Cr tracked, avg coupon 7.66% 2 bonds 2027 2028: 1 bond, ₹3,000 Cr tracked, avg coupon 8.60% 1 bond 2028 2031: 1 bond, ₹5,000 Cr tracked, avg coupon 6.99% 1 bond 2031 2032: 1 bond, ₹12,000 Cr tracked, avg coupon 7.88% 1 bond 2032 2034: 2 bonds, ₹7,776 Cr tracked, avg coupon 7.54% 2 bonds 2034 2035: 1 bond, ₹5,000 Cr tracked, avg coupon 7.27% 1 bond 2035 2042+: 2 bonds, ₹3,500 Cr tracked, avg coupon 8.75% 2 bonds 2042+

Security Type / Instrument Mix

  • NCD 11 bonds · 100% · ₹47,201 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2016: ₹1,800 Cr issued 2016 2017: ₹8,500 Cr issued 2017 2018: ₹3,000 Cr issued 2018 2020: ₹4,125 Cr issued 2020 2021: ₹5,000 Cr issued 2021 2022: ₹12,000 Cr issued 2022 2024: ₹7,776 Cr issued 2024 2025: ₹5,000 Cr issued 2025 Cumulative: ₹1,800 Cr Cumulative: ₹10,300 Cr Cumulative: ₹13,300 Cr Cumulative: ₹17,425 Cr Cumulative: ₹22,425 Cr Cumulative: ₹34,425 Cr Cumulative: ₹42,201 Cr Cumulative: ₹47,201 Cr

Based on 10 of 11 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

Financial Snapshot

2026-09-30 vs 2026-06-30
Total Financial Indebtedness
₹0.00 Cr
Prior: ₹2,24,064.00 Cr
Unlisted Debt Securities Outstanding
₹0.00 Cr
Prior: ₹0.00 Cr
Defaults on Unlisted Debt Securities
₹0.00 Cr
Prior: ₹0.00 Cr

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 17 Oct 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile
  • AAA 9 bonds · 82%
  • AA 1 bond · 9%
  • Unrated 1 bond · 9%
AgencyRatingOutlookBonds
CRISIL AAA Stable 4
India Ratings AAA NSDL record — 3
CRISIL AAA NSDL record — 1
ICRA AAA NSDL record — 1
India Ratings AA+ NSDL record — 1

Recent Rating Actions

13 Jul 2026 · CRISIL
—
Reaffirmed
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE238A08419 Axis Bank 7.84% Nov 2026 NCD 7.84% AAA (India Ratings, NSDL record 2016) 2026-11-23 — —
INE238A08468 Axis Bank 7.65% Jan 2027 NCD 7.65% AAA (CRISIL) 2027-01-30 7.75% 2026-11-03
INE238A08435 Axis Bank 7.66% Jun 2027 NCD 7.66% AAA (India Ratings, NSDL record 2017) 2027-06-15 — —
INE238A08450 Axis Bank 8.60% Dec 2028 NCD 8.60% AAA (ICRA, NSDL record 2018) 2028-12-28 — —
INE238A08476 Axis Bank 6.99% Dec 2031 NCD 6.99% AAA (CRISIL) 2031-12-22 — 2026-08-11
INE238A08484 Axis Bank 7.88% Dec 2032 NCD 7.88% AAA (India Ratings, NSDL record 2022) 2032-12-13 — 2026-08-13
INE238A08492 Axis Bank 7.64% Mar 2034 NCD 7.64% AAA (CRISIL, NSDL record 2024) 2034-03-07 — —
INE238A08500 Axis Bank 7.45% Sep 2034 NCD 7.45% AAA (CRISIL) 2034-09-05 8.15% 2026-11-04
INE238A08518 Axis Bank 7.27% Nov 2035 NCD 7.27% AAA (CRISIL) 2035-11-26 8.15% 2026-11-04
INE238A08443 Axis Bank 8.75% Perpetual NCD 8.75% AA+ (India Ratings, NSDL record 2017) Perpetual — —
INE238A08427 Axis Bank 8.75% Perpetual NCD 8.75% — Perpetual — —
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
10
Avg. Yield (Last 30 Days)
7.75%
06 Payment Disclosures (SEBI Reg52(4)) 1 disclosed

Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.

Due DateBondTypeAmount DueAmount PaidStatusFiling
5 Sep 2026 ABL-7.45%-5-9-34-PVT Interest ₹2,92,41,00,000.00 ₹2,92,41,00,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.

07 Regulatory Filings
Credit Rating Rationale
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 10 2025-11-30
Rating Actions History 1 2026-07-13
Secondary-Market Trades 18 2026-11-04
Reg52(4) Payment Disclosures 1 2026-09-05

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Axis Bank Limited have?

Axis Bank Limited currently has 11 active bonds with coupons of 6.99% - 8.75%, maturities spanning 2026 - 2035.

What is Axis Bank Limited's credit rating?

The most common current rating on Axis Bank Limited's senior bonds is AAA (CRISIL). Ratings on file come from CRISIL.

Are Axis Bank Limited's bonds secured?

Of the 10 bonds with a disclosed security status, 0 are secured (0%) and 10 are unsecured.

When do Axis Bank Limited's bonds mature?

Axis Bank Limited's active bonds mature between 2026 - 2035; the nearest matures in Nov 2026; the average tenure is 4.3 Yrs.

What is the average coupon on Axis Bank Limited's bonds?

The average coupon across Axis Bank Limited's 11 active bonds is 7.86%.

Disclaimer: This page aggregates publicly available data about Axis Bank Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.