-35.25 (-2.72%) AXIS Bank has informed that the Bank has reduced its MCLR by 15 bps across all tenors. This follows the reduction in Policy rates by RBI on April 05, 2016. The reduced MCLRs will be effective from April 18, 2016. The Bank has submitted a copy of the press release in this regard.
The above information is a part of company’s filings submitted to BSE.