Mumbai, August 04: The Board of Axis Bank todaypassed an enabling resolution that will allow the lender toissue up to 7.14-crore equity shares to raise funds.
“This enabling resolution will facilitate it (thebank) to raise capital at an appropriate time to supportfuture growth,” Axis Bank said in a statement issued here.
The private sector bank is adequately capitalised forits current needs, it added.
—Agencies