MUMBAI, Feb 15 (Reuters) - India's Axis Bank plans to raise funds through the sale of certificate of deposits
maturing in one year, three merchant bankers said on Wednesday.
The private lender will offer a yield of 7.78% on the issue,
and has received commitments worth around 10 billion rupees
($120.78 million) so far, they said.
The notes are rated A1+ by CRISIL.
($1 = 82.7980 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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