Axis Bank reduces MCLR rate

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Mumbai, December 17
Private sector lender,Axis Bank Ltd said that Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) and has reduced the MCLRs of the bank by 10 bps in the overnight tenor and by 15 bps across all tenors. This will be effective from today.
As per the declaration, the Overnight MCLR is set at 8.55 percent, One Month MCLR is set at 8.55 percent, Three Month MCLR is set at 8.75 percent, Six Month MCLR is set at 8.85 percent , One Year MCLR is set at 8.90 percent, Two Year MCLR is set at 8.95 percent, and Three Year MCLR is set at 9.00 percent.

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