Axis Bank Ltd.

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.