MCLR for march kept unchanged at 7.90-8.35% by Axis Bank
Friday, March 17, 2017, 10:22 AM
Axis Bank has informed bourses that it has kept its marginal cost of funds-based rates unchanged for March. Axis bank, in the month of January cut its marginal cost of funds-based loan rates by 65-70 basis points to 7.90%-8.35%. Bank did not change the rates for the month of February aswell and it required to update their landing rates based on the marginal cost.