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HomeMarketStocksAxis Bank remains leader in bond market for 16th consecutive year

Axis Bank remains leader in bond market for 16th consecutive year

Mumbai: Non-public sector lender , India’s third largest personal sector financial institution, continued to be the Quantity One arranger for Rupee Company bond issuances by Indian firms in calendar yr 2022, for the sixteenth consecutive yr.

Axis Financial institution acted as arranger for 127 bond points for an quantity of Rs. 92,904.5 crore and ended the yr 2022 with a market share of 19.2%.

“This benchmark reveals the Financial institution’s agility to adapt to the altering instances and displays the arrogance of our purchasers within the Financial institution’s capabilities,” mentioned Neeraj Gambhir, Head – Treasury, Markets & Wholesale Banking Merchandise, Axis Financial institution. “Our synergised efforts by way of the ‘One Axis’ strategy have helped us set up management place throughout the capital markets.”

In a difficult rate of interest surroundings, the company bond market witnessed a decrease issuance exercise for the key a part of the yr. Nevertheless, volumes picked up within the final quarter of calendar yr 2022, finally ending at a touch greater quantity vis-a-vis the final yr. Whole volumes organized in 2022 was roughly Rs. 4,83,770 crore, in opposition to Rs. 4,17,055 crore for 2021.

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