Axis Bank has addressed recent media speculation regarding its potential acquisition of CreditAccess Grameen. The bank stated that it routinely evaluates various strategic opportunities for growth. However, it clarified that there is no material information requiring disclosure at this time. The bank remains committed to compliance with all applicable regulations and will make appropriate disclosures as and when necessary.
Clarification on Market Speculation
Axis Bank has responded to a news article appearing on moneycontrol.com on February 3, 2026, concerning a potential acquisition of CreditAccess Grameen. The article suggested that Axis Bank was leading the race to acquire the microfinance institution.
Strategic Opportunity Evaluation
The bank clarified that it regularly assesses strategic opportunities to bolster growth and expand its business operations. However, it stated that there are no undisclosed material events or information requiring immediate disclosure at this point in time.
Commitment to Disclosure
Axis Bank emphasized its commitment to adhering to all applicable laws and regulations. The bank assured that it will make the necessary disclosures in accordance with legal requirements and when deemed appropriate.
Source: BSE
