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Axis Bank reduces MCLR for short term loans by up to 0.10 percent

Axis Bank has lowered its Marginal cost of funds based lending rates (MCLR) for short term tenors in the range of 0.05-0.10 percent.

The bank has said in a regulatory filing that “Axis Bank, India’s third largest private sector bank, has reviewed and changed MCLRs in the short tenors. The one-year MCLR stands unchanged at 8.25 percent.”

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