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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.”
