MUMBAI, Feb 28 (Reuters) - India's Axis Bank plans
to raise funds through the sale of certificates of deposit
maturing in three months, three merchant bankers said on
Tuesday.
The private lender will offer a yield of 7.59% on the issue,
and has received commitments worth around 5 billion rupees
($60.53 million) so far, they said.
The notes are rated A1+ by Crisil.
($1 = 82.6000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
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