Axis Bank has reduced its marginal cost of funds based lending rate (MCLR) by 15 basis points across all tenors upto 1 year and 20 bps for 2 year and 3 year tenor with effect from November 18, 2016. With this, one year MCLR of the Bank now stands at 9.05% p.a.
The overnight, 1 month, 3 month and 6 month MCLR are revised to 8.65% p.a, 8.70% p.a, 8.90% p.a and 9.00% p.a respectively. Moreover, 2 years and 3 years MCLR has also been revised to 9.10% p.a and 9.15% p.a.
Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
| Company Name | CMP |
|---|---|
| HDFC Bank | 785.10 |
| ICICI Bank | 1333.30 |
| Axis Bank | 1358.00 |
| Kotak Mahindra Bank | 370.65 |
| Indusind Bank | 850.85 |
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