Axis Bank 144a Regulatory News (AXBA)

AXIS/CO/CS/510/2020-21

1st February 2021

Dear Sir(s),

SUB.: CRISIL RATINGS ACTION.

REF.: REGULATION 30 AND 46 (2) OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").

This is to inform you that credit rating agency CRISIL Ratings Limited has reaffirmed its 'CRISIL AAA / Stable, CRISIL AA+ / Stable / CRISIL A1+' ratings on the debt instruments of Axis Bank Limited (the "Bank").

The rating rationale letter of CRISIL Ratings Limited dated 29th January 2021, received by the Bank today, containing the reasons for re-affirmation is given in the link below.

http://www.rns-pdf.londonstockexchange.com/rns/6130N_1-2021-2-1.pdf

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