Axis Bank Eyes Entry Into Acquisition Financing for Indian Corporates

Axis Bank Ltd. is keen to enter acquisition financing for Indian corporates once the Reserve Bank of India allows domestic banks into the segment, Managing Director and Chief Executive Officer Amitabh Chaudhry said Tuesday.

“We are the biggest players in bond and loan syndication. We will give all the foreign banks a run for their money who have been financing these acquisitions for the last several years,” Chaudhry said on the sidelines of the Global Fintech Fest.
He added that the bank aims to work with all major Indian corporations.

Last week, RBI Governor Sanjay Malhotra said the central bank plans to review capital market exposure guidelines for banks. The review proposes allowing banks to finance acquisitions by Indian corporates, increasing lending limits against shares, units of real estate and infrastructure investment trusts, and removing the regulatory ceiling on lending against listed debt securities.