Axis Bank Limited announced that the committee of whole-time directors of the bank has approved the allotment of 3,85,100 Fully Paid, Senior, Rated, Listed, Unsecured, Taxable, Redeemable, Long Term Non-Convertible Debenture (Series -7) of face value INR 100,000 each (Debentures) at par aggregating to INR 38,510 million at a coupon rate of 7.64% p.a. payable annually, on a private placement basis. Tenure of the instrument - date of allotment and date of maturity: Tenure: 10 years; Date of allotment: March 7, 2024; Date of maturity: March 7, 2034. Coupon: 7.64% p.a.; Interest will be payable annually on March 7 each year till maturity of the Debentures; The Debentures are redeemable at par at the end of 10 years that is on March 7, 2034.