PRICING SUPPLEMENT 1 August 2017 AXIS BANK LIMITED acting through its Dubai International Financial Centre Branch Issue of U.S.$500,000,000 3.00 per cent. Senior Notes due 2022 under the U.S.$5,000,000,000 (the Notes) Global Medium Term Note Programme (the Programme ) Any person making or intending to make an offer of the Notes may only do so in circumstances in which no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus Directive or to supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer. This document constitutes the Pricing Supplement relating to the issue of Notes described herein. Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Offering Circular dated 28 July 2017 (the Offering Circular). This Pricing Supplement constitutes the final terms of the Notes and must be read in conjunction with such Offering Circular. 1. Issuer: Axis Bank Limited, acting through its Dubai International Financial Centre Branch 2. (a) Series Number: 27 (b) Tranche Number: 1 3. Specified Currency or Currencies: United States dollars (U.S.$) 4. Aggregate Nominal Amount: (a) Series: U.S.$500,000,000 (b) Tranche: U.S.$500,000,000 (c) Date on which the Notes will be consolidated and form a single Series: 5. Issue Price: 99.481 per cent. of the Aggregate Nominal Amount 6. (a) Specified Denominations: U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof (b) Calculation Amount (in U.S.$1,000 relation to calculation of interest in global form, see Conditions): 7. (a) Issue Date: 8 August 2017 (b) Interest Commencement Date: Issue Date 8. Maturity Date: 8 August 2022 9. Interest Basis: 3.00 per cent. Fixed Rate 10. Redemption/Payment Basis: Redemption at par 11. Change of Interest or Redemption/Payment Basis 12. Put/Call Options: None 13. Status of the Notes Senior [Continued on following pages]
14. (a) Date of Board approval for 26 April 2017 issuance of Notes: (b) Date of regulatory approval/ consent for issuance of Notes: Not required 15. Listing: London Stock Exchange (PSM) and Singapore Exchange Securities Trading Limited (SGX-ST) 16. Method of distribution: Syndicated PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 17. Fixed Rate Note Provisions: Applicable (a) Rate(s) of Interest: 3.00 per cent. per annum payable semi-annually in arrear on each Interest Payment Date (b) Interest Payment Date(s): 8 February and 8 August in each year up to and including the Maturity Date (c) Fixed Coupon Amount(s) for U.S.$15 per Calculation Amount Notes in definitive form (and in relation to Notes in Global form, see Conditions: (d) Broken Amount(s) for Notes Not applicable in definitive form (and in relation to Notes in Global form, see Conditions: (e) Day Count Fraction: 30/360 (f) Determination Date(s): (g) Other terms relating to the method of calculating interest for Fixed Rate Notes: None 18. Floating Rate Note Provisions: 19. Zero Coupon Note Provisions: 20. Index Linked Interest Note Provisions: 21. Dual Currency Interest Note Provisions: PROVISIONS RELATING TO REDEMPTION 22. Issuer Call: 23. Investor Put 24. Final Redemption Amount: U.S.$1,000 per Calculation Amount 25. Early Redemption Amount payable on U.S.$1,000 per Calculation Amount redemption for taxation or (where applicable) regulatory reasons or on event of default and/or the method of calculating the same (if required or if different from that set out in Condition 6.6): 26. Regulatory Redemption Amount: GENERAL PROVISIONS APPLICABLE TO THE NOTES 27. Form of Notes: Registered Notes: 28. Additional Financial Centre(s) or other special provisions relating to Payment Dates: 29. Talons for future Coupons or Receipts to be attached to Definitive Notes in bearer form (and dates on which such No
Talons mature): 30. Details relating to Partly Paid Notes: amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences (if any) of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late payment: 31. Details relating to Instalment Notes: 32. Redenomination applicable: Redenomination not applicable 33. Other terms or special conditions: DISTRIBUTION 34. (a) If syndicated, names of Managers: Axis Bank Limited, Singapore Branch BNP Paribas Citigroup Global Markets Singapore Pte. Ltd. Crédit Agricole Corporate and Investment Bank The Hongkong and Shanghai Banking Corporation Limited J.P. Morgan Securities plc Merrill Lynch International MUFG Securities EMEA plc Standard Chartered Bank Standard Chartered Bank (b) Stabilising Manager(s) (if any): 35. If non-syndicated, name of relevant Dealer: 36. Whether TEFRA D or TEFRA C rules TEFRA not applicable (or any successor U.S. Treasury regulation section, including without limitation, successor regulations issued in accordance with IRS Notice 2012-20 or otherwise in connection with the United States Hiring Incentives to Restore Employment Act of 2010) applicable or TEFRA rules not applicable: 37. U.S. Selling Restrictions: Regulation S Category 1 / Rule 144A 38. Additional selling restrictions: 39. Additional U.S. federal income tax considerations: Operational Information 40. Any clearing system(s) other than Euroclear, Clearstream, Luxembourg and DTC and the relevant identification number(s): 41. Delivery: Delivery against payment 42. Additional Paying Agent(s) (if any): None Other 44. Reasons for the Offer The net proceeds of the issue of the Notes will be used for the Issuer s overseas operations or such other activities as are permitted under applicable
laws in India. CUSIP 05463CAE2 (Rule 144A) ISIN: US05463CAE21 (Rule 144A) XS1659030305 (Regulation S) Common Code: 165975243 (Rule 144A) 165903030 (Regulation S) LISTING APPLICATION This Pricing Supplement comprises the final terms required to list the issue of Notes described herein pursuant to the U.S.$5,000,000,000 Medium Term Note Programme of Axis Bank Limited, acting through its Dubai International Financial Centre Branch. [Signature page follows]