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Axis Bank, the third largest private sector lender of the country, has reduced its interest offering by up to 0.70 percent.
It has said in a statement that the bank has cut its marginal cost of funds based lending rate (MCLR) for one year tenure that serves as the benchmark for a slew of loans including home loans by 0.65 percent to 8.25 percent.
The new rates that have been decide by the bank’s asset liability committee will be effective from January 18.
