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Name of Lender Facility/Instrument Amount (Rs. Crore)
Axis Bank Limited Interchangeable Limits -401
Axis Bank Limited Interchangeable Limits -981
Canara Bank Interchangeable Limits -12
Axis Bank Limited Bank Guarantee 98
Canara Bank Standby Line of Credit 125
Canara Bank Bank Guarantee 125
Axis Bank Limited OverDraft Facilities 1
Axis Bank Limited Loan Equivalent Risk 0.5
Not Applicable Unallocated Limits 50.5

*May 09, 2025
1 Non Fund-Based Facilities
2 OverDraft Facilities


The details presented on this page provide an update on the names of lenders, in reference to the total credit facilities of SNV Aviation Private Limited (d.b.a Akasa Air) rated by ICRA. To access the previous rating rationale: Click Here.


This update is being published as per the directions of the Reserve Bank of India (RBI) to the Credit Rating Agencies (CRAs) vide the communication [CO.DOR.ISG.No.S150/21-06-008/2021-2022] dated June 4, 2021.