Axis Bank, on Monday, revealed the news that its board has approved it to raise the fund of USD 10 million from the Dubai international center under MTN Programme. This resolution was passed under the lag of 3 years program.
The company said that the capital will be taken by its Dubai International Financial Centre (DIFC) branch. Previously bank said to raise the fund of USD 16.2 million from its Dubai International Centre.
These funds are being aggregated to raise the market shares, as the bank is suffering from the downfall of market share by 0.41%.
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