New Delhi, March 18 Axis Bank announced on Wednesday that it has approved a proposal to inject ₹1,500 crore into its NBFC arm, Axis Finance Ltd (AFL), through a rights issue over the next year to fund business growth.
The Acquisitions, Divestments and Merger Committee of the bank's Board of Directors, in a meeting on March 18, 2026, approved the proposal to inject ₹1,500 crore into AFL in one or more tranches before March 31, 2027, Axis Bank said in a regulatory filing.
The infusion will involve subscribing to the rights issue of AFL, which is a wholly-owned subsidiary of the bank, it said.
The proposed investment of ₹1,500 crore by March 31, 2027, in one or more tranches, as approved by the Reserve Bank of India vide its letter dated March 10, 2026, it said.
AFL's turnover for the first half of fiscal year 2026 was ₹2,504 crore, compared to ₹4,296 crore earned during the entire fiscal year 2025.