Credit Rating

THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL AXIS/CO/CS/186/2026-27 June 24, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers, Plot No. C/1, “G” Block Dalal Street Bandra-Kurla Complex Fort, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 NSE Symbol: AXISBANK BSE Scrip Code: 532215 Dear Sir/Madam, SUB.: RATING ACTION BY MOODY’S INVESTORS SERVICE REF: REGULATION 30 READ WITH SCHEDULE III OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 In furtherance to our letter bearing reference number AXIS/CO/CS/493/2025-26 dated December 26, 2025, we wish to inform you that in relation to the existing Global Medium Term Notes (“GMTN”) of Axis Bank Limited (the “Bank”), Moody's Investors Service ("Moody's") has assigned Baa3 rating with stable outlook to Senior Notes issued by Axis Bank, Gift City Branch under the GMTN programme. The rating rationale letter is attached herewith. This is for your information and records. Thanking You. Yours faithfully, For Axis Bank Limited Sandeep Poddar Company Secretary CC: London Stock Exchange Singapore Stock Exchange DISCLAIMER: A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction, or withdrawal at any time by the assigning rating organization. Similar ratings on different types of securities do not necessarily mean the same thing. The significance of each rating should be analysed independently from any other rating. Moody's Investors Service Singapore Pte. Ltd. 71 Robinson Road #05-01/02 Singapore, 068895 Singapore +65.6398.8300 tel www.moodys.com 24th June 2026 Axis Bank Limited Axis House P.B. Marg, Worli, Mumbai – 400 025 For the Attention of: Mr. Puneet Sharma, Chief Financial Officer Re: Axis Bank Limited, acting through its GIFT City IBU, USD 300,000,000 Fixed Rate (5.348%) Senior Unsecured Notes due 30th June 2031, Series 10 (ISIN: XS3423944779) Dear Sir, At your request and based on the Pricing Supplement dated 23rd June 2026, which we understand is in substantially final form, Moody's Ratings (“Moody’s”) has assigned a Baa3 Rating, with a Stable Outlook to the above referenced obligation. The obligation was issued under the Axis Bank Limited, acting through its GIFT City IBU, USD 5,000,000,000 Global Medium Term Note Programme. Please refer to Moody’s Rating Symbols & Definitions, which is available at www.moodys.com, for the meaning of Moody’s rating(s). Moody’s monitoring of the rating is dependent upon receipt of all relevant information, financial or otherwise, from the issuer or its agents. Failure to submit such information in a timely manner may result in the withdrawal of the rating. In accordance with our usual policy, assigned ratings are subject to revision or withdrawal by Moody’s at any time, without notice, in the sole discretion of Moody’s. For the most current rating, please visit www.moodys.com. Credit ratings issued by Moody’s are Moody’s current opinions of the relative future credit risk of entities, credit commitments, or debt or debt-like securities and are not statements of current or historical fact. Moody’s credit ratings address credit risk only and do not address any other risk, including but not limited to: liquidity risk, market value risk, or price volatility. Moody’s credit ratings are not and do not provide investment advice or recommendations to purchase, sell, or hold particular securities. Moody’s issues its credit ratings with the expectation and understanding that each investor will make its own evaluation of each security that is under consideration for purchase, holding, or sale. Moody’s adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources Moody’s considers to be reliable including, when appropriate, independent third-party sources. However, Moody’s is not an auditor and cannot in every instance independently verify or validate information received in the rating process. Under no circumstances shall Moody’s have any liability to any person or entity for (a) any loss or damage in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or other circumstance or contingency within or outside the control of Moody’s or any of its directors, officers, employees or agents in connection with the procurement, collection, compilation, analysis, interpretation, communication, publication or delivery of any such information, or (b) any direct, indirect, special, consequential, compensatory or incidental damages whatsoever (including without limitation, lost profits), even if Moody’s is advised in advance of the possibility of such damages, resulting from the use of or inability to use, any such information. The assignment of a rating does not create a fiduciary relationship between Moody’s and you or between Moody’s and other recipients of the rating. Moody’s has not consented to and will not consent to being named as an “expert” under the applicable securities laws, including, without limitation, Section 7 of the Securities Act of 1933. This letter is strictly confidential and you may not disclose it to any other person except: (i) to your legal counsel acting in their capacity as such; (ii) to your other authorized agents, acting in their capacity as such, that have entered into non-disclosure agreements with Moody’s in the form provided by Moody’s; (iii) as required by the law or regulation; or (iv) with the prior written consent of Moody’s, in which case Moody’s reserves the right to impose conditions upon such consent such as requiring that you only disclose this letter in its entirety and/or requiring any third party to enter into a non-disclosure agreement with Moody’s in the form provided by Moody’s. Yours faithfully, Moody’s Investors Service Singapore Pte.Limited Moody’s Investors Service Singapore Pte. Limited cc: LC, Rating Desk Services