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Axis Finance Limited — Bonds & AAA (CRISIL) Rating on senior bonds

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AAA (CRISIL)
Most common current rating on senior bonds
32 of 32 rated · CRISIL, 30 Sep 2026
AT1 / perpetual: AAA (CRISIL)
Total Debt Outstanding
₹18,612 Cr
Across 61 instruments
Active Bonds
61
First Issue
5 Aug 2016
Latest Issue
24 Sep 2026
Maturity Range
2026 - 2036
Observation
61 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card Nothing flagged on record
  • Current ratings CRISIL AAA, CARE AAA, India Ratings AAA
  • Rating range All current ratings on senior bonds are AAA (CARE 31 Oct 2025, CRISIL 30 Sep 2026, India Ratings 31 May 2024). All current ratings on AT1 / perpetual bonds are AAA (CRISIL 31 Jan 2026)
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 Sep 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 6 of 61 active bonds had an exchange trade
  • Exchange filings, 90 days 0 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 Finance 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
NBFC
First Tracked Bond
5 Aug 2016
Start of this issuer's debt program timeline
  • 61 active bonds tracked from this issuer.
  • 38 of 61 tracked bonds with a stated security status are secured. (based on 61 bonds with a disclosed security status)
  • Most recent rating action: reaffirm by CRISIL on 5 Nov 2026.

Axis Finance Limited, an NBFC in the Financial Services sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 6.80% - 10.00%, paid annually. Maturities on outstanding bonds fall between 2026 - 2036.

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
61
Tracked by RetailBonds
Amount Tracked
₹18,612 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 49 of 61 bonds)
Avg Coupon
8.00%
Range 6.80% - 10.00%
Avg Remaining Tenure
3.3 Yrs
Nearest maturity Nov 2026
Secured
62%
38 of 61 bonds with known status
Callable
4
Of 61 bonds
Avg Spread vs G-Sec
+128 bps
Credit premium, from 6 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (11 bonds).

0 2026: 3 bonds, ₹850 Cr tracked, avg coupon 7.20% 3 bonds 2026 2027: 10 bonds, ₹3,750 Cr tracked, avg coupon 8.15% 10 bonds 2027 2028: 9 bonds, ₹4,830 Cr tracked, avg coupon 7.78% 9 bonds 2028 2029: 11 bonds, ₹4,314 Cr tracked, avg coupon 7.98% 11 bonds 2029 2030: 3 bonds, ₹350 Cr tracked, avg coupon 7.76% 3 bonds 2030 2031: 5 bonds, ₹954 Cr tracked, avg coupon 7.55% 5 bonds 2031 2032: 2 bonds, ₹300 Cr tracked, avg coupon 8.07% 2 bonds 2032 2033: 2 bonds, ₹450 Cr tracked, avg coupon 8.28% 2 bonds 2033 2034: 5 bonds, ₹1,125 Cr tracked, avg coupon 8.69% 5 bonds 2034 2035: 2 bonds, ₹250 Cr tracked, avg coupon 8.04% 2 bonds 2035 2036: 1 bond, ₹600 Cr tracked, avg coupon 7.74% 1 bond 2036 2042+: 8 bonds, ₹840 Cr tracked, avg coupon 8.26% 8 bonds 2042+

Security Type / Instrument Mix

  • NCD 61 bonds · 100% · ₹18,612 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2017: ₹300 Cr issued 2017 2021: ₹1,404 Cr issued 2021 2022: ₹825 Cr issued 2022 2023: ₹2,163 Cr issued 2023 2024: ₹5,695 Cr issued 2024 2025: ₹4,100 Cr issued 2025 2026: ₹4,125 Cr issued 2026 Cumulative: ₹300 Cr Cumulative: ₹1,704 Cr Cumulative: ₹2,529 Cr Cumulative: ₹4,692 Cr Cumulative: ₹10,387 Cr Cumulative: ₹14,487 Cr Cumulative: ₹18,612 Cr

Based on 49 of 61 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AAA 49 bonds · 80%
  • Unrated 12 bonds · 20%
AgencyRatingOutlookBonds
CRISIL AAA Stable 19
CRISIL AAA — 9
India Ratings AAA Stable 4
CARE AAA — 3
CARE AAA Stable 1
CRISIL AAA NSDL record — 5
India Ratings AAA NSDL record — 4
CARE AAA NSDL record — 3
Brickwork AAA NSDL record — 1

Recent Rating Actions

5 Nov 2026 · CRISIL
—
Reaffirmed
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
IN8891K07027 Axis Finance 6.80% Nov 2026 NCD 6.80% — 2026-11-18 — —
INE891K07721 Axis Finance 6.80% Nov 2026 NCD 6.80% AAA (CRISIL, NSDL record 2021) 2026-11-18 — —
INE891K07879 Axis Finance 8.00% Dec 2026 NCD 8.00% AAA (CARE) 2026-12-11 — —
INE891K07903 Axis Finance 8.92% Feb 2027 NCD 8.92% AAA (CRISIL) 2027-02-26 7.35% 2026-10-16
IN8891K07035 Axis Finance 8.29% Feb 2027 NCD 8.29% — 2027-02-26 — —
INE891K07952 Axis Finance 8.35% May 2027 NCD 8.35% AAA (CARE, NSDL record 2024) 2027-05-07 8.35% 2026-11-03
INE891K08042 Axis Finance 8.50% May 2027 NCD 8.50% AAA (CRISIL) 2027-05-11 — 2026-09-25
INE891K07978 Axis Finance 8.29% Aug 2027 NCD 8.29% AAA (India Ratings) 2027-08-19 8.88% 2026-10-30
IN8891K07043 Axis Finance 8.29% Aug 2027 NCD 8.29% — 2027-08-19 — —
INE891K07812 Axis Finance 7.70% Sep 2027 NCD 7.70% AAA (India Ratings, NSDL record 2022) 2027-09-08 — —
INE891K08059 Axis Finance 8.08% Sep 2027 NCD 8.08% AAA (India Ratings, NSDL record 2017) 2027-09-14 — —
INE891K07AH5 Axis Finance 7.22% Oct 2027 NCD 7.22% AAA (CRISIL) 2027-10-25 — —
INE891K07AC6 Axis Finance 7.88% Nov 2027 NCD 7.88% AAA (CRISIL) 2027-11-19 — —
INE891K07AA0 Axis Finance Jan 2028 NCD — AAA (CRISIL) 2028-01-28 — —
INE891K07820 Axis Finance 8.07% Feb 2028 NCD 8.07% AAA (India Ratings, NSDL record 2023) 2028-02-23 — —
INE891K07994 Axis Finance 8.05% Apr 2028 NCD 8.05% AAA (CRISIL) 2028-04-25 — —
INE891K07853 Axis Finance 7.95% May 2028 NCD 7.95% AAA (CRISIL, NSDL record 2023) 2028-05-26 — 2026-10-05
INE891K07AF9 Axis Finance 7.73% Jun 2028 NCD 7.73% AAA (CRISIL) 2028-06-12 — —
IN8891K07084 Axis Finance 7.73% Jun 2028 NCD 7.73% — 2028-06-12 — —
INE891K07AG7 Axis Finance 7.37% Aug 2028 NCD 7.37% AAA (CRISIL) 2028-08-23 8.63% 2026-11-05
INE891K07AI3 Axis Finance 7.23% Oct 2028 NCD 7.23% AAA (CARE) 2028-10-24 — —
INE891K07895 Axis Finance 8.10% Nov 2028 NCD 8.10% AAA (CRISIL) 2028-11-17 — —
INE891K07AM5 Axis Finance Jan 2029 NCD — AAA (CRISIL) 2029-01-11 — 2026-07-07
INE891K07929 Axis Finance 8.19% Jan 2029 NCD 8.19% AAA (CARE) 2029-01-29 — —
INE891K07937 Axis Finance 8.14% Feb 2029 NCD 8.14% AAA (India Ratings) 2029-02-21 — —
IN8891K07050 Axis Finance 8.14% Feb 2029 NCD 8.14% — 2029-02-21 — —
INE891K07AL7 Axis Finance 7.70% Apr 2029 NCD 7.70% AAA (CRISIL) 2029-04-17 — —
IN8891K07092 Axis Finance 7.70% Apr 2029 NCD 7.70% — 2029-04-17 — —
INE891K07986 Axis Finance 8.15% May 2029 NCD 8.15% AAA (India Ratings) 2029-05-22 — —
IN8891K07068 Axis Finance 8.15% May 2029 NCD 8.15% — 2029-05-22 — —
INE891K07AO1 Axis Finance 7.90% Jul 2029 NCD 7.90% AAA (CRISIL) 2029-07-16 — —
INE891K07AN3 Axis Finance 7.81% Aug 2029 NCD 7.81% AAA (CRISIL) 2029-08-03 — 2026-09-30
INE891K07AB8 Axis Finance 7.89% Dec 2029 NCD 7.89% AAA (CRISIL) 2029-12-19 — —
INE891K07AE2 Axis Finance 7.97% Mar 2030 NCD 7.97% AAA (CRISIL) 2030-03-27 8.37% 2026-11-03
IN8891K07076 Axis Finance 7.97% Mar 2030 NCD 7.97% — 2030-03-27 — —
INE891K07AJ1 Axis Finance 7.35% Nov 2030 NCD 7.35% AAA (CRISIL) 2030-11-21 — —
INE891K08067 Axis Finance 7.45% Feb 2031 NCD 7.45% AAA (CRISIL) 2031-02-14 — —
INE891K08075 Axis Finance 7.40% Jun 2031 NCD 7.40% AAA (India Ratings, NSDL record 2021) 2031-06-10 — —
INE891K07671 Axis Finance 7.27% Jun 2031 NCD 7.27% AAA (CRISIL) 2031-06-26 — —
INE891K07AP8 Axis Finance 8.21% Aug 2031 NCD 8.21% AAA (CRISIL) 2031-08-11 8.07% 2026-10-30
INE891K08091 Axis Finance 7.42% Dec 2031 NCD 7.42% AAA (CRISIL) 2031-12-05 — —
INE891K08133 Axis Finance 8.07% Sep 2032 NCD 8.07% AAA (CRISIL, NSDL record 2022) 2032-09-24 — —
INE891K08141 Axis Finance 8.06% Nov 2032 NCD 8.06% AAA (CRISIL) 2032-11-26 — —
INE891K08166 Axis Finance 8.28% Oct 2033 NCD 8.28% AAA (India Ratings) 2033-10-28 — —
IN8891K08017 Axis Finance 8.28% Oct 2033 NCD 8.28% — 2033-10-28 — —
INE891K08174 Axis Finance 8.38% Jan 2034 NCD 8.38% AAA (CARE) 2034-01-11 — 2026-10-06
IN8891K08025 Axis Finance 8.38% Jan 2034 NCD 8.38% — 2034-01-11 — —
INE891K08208 Axis Finance 8.35% Jun 2034 NCD 8.35% AAA (CARE, NSDL record 2024) 2034-06-23 — 2026-10-05
IN8891K08033 Axis Finance 8.35% Jun 2034 NCD 8.35% — 2034-06-23 — —
INE891K07AD4 Axis Finance 10.00% Dec 2034 NCD 10.00% AAA (CRISIL) 2034-12-19 — —
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.

More bonds from this issuer (10)
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)
14
Avg. Yield (Last 30 Days)
8.14%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 49 2026-09-30
Rating Actions History 1 2026-11-05
Secondary-Market Trades 71 2026-11-05
Reg52(4) Payment Disclosures 0 —

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

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

Axis Finance Limited currently has 61 active bonds with coupons of 6.80% - 10.00%, maturities spanning 2026 - 2036.

What is Axis Finance Limited's credit rating?

The most common current rating on Axis Finance Limited's senior bonds is AAA (CRISIL). Ratings on file come from CARE, CRISIL, India Ratings. Other instrument classes: AT1 / perpetual: AAA (CRISIL).

Are Axis Finance Limited's bonds secured?

Of the 61 bonds with a disclosed security status, 38 are secured (62%) and 23 are unsecured.

When do Axis Finance Limited's bonds mature?

Axis Finance Limited's active bonds mature between 2026 - 2036; the nearest matures in Nov 2026; the average tenure is 3.3 Yrs.

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

The average coupon across Axis Finance Limited's 61 active bonds is 8.00%.

Disclaimer: This page aggregates publicly available data about Axis Finance 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.