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Axis Bank secures $500 million offshore loan from MUFG to fuel lending
Economy
Published on 7 May 2026
Loans are growing faster than deposits at Axis
Axis Bank has raised a three-year $500 million offshore loan from Mitsubishi UFJ Financial Group, using it to support lending and general business needs. The move highlights mounting pressure on Indian banks as loan growth continues to outpace deposit growth, with Axis reporting 19% loan growth versus 14% deposit growth in the year ended March.
- Axis Bank obtained a $500 million three-year offshore loan from MUFG
- Funds will back lending and general business requirements
- Loan growth remains ahead of deposit growth across Indian banking
- Axis saw 19% loan growth versus 14% deposit growth in the year ended March
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times