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Axis Bank base rate News

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Axis Bank has slashed its minimum lending rate by 10 basis points to 9.35 percent, with effect from July 27.
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Even as its larger rival HDFC Bank cut base rate by a sharp 35 basis points to 9.35 percent late last month, the third-largest private sector lender Axis Bank Friday ruled out any immediate reduction in its loan pricing.
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Private sector Axis Bank on Friday reported a 18.70 percent growth in net profit at Rs 1,978.44 crore for the first quarter ended June 30.
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A day after its bigger rival ICICI Bank cut its lending rate, the third-largest private lender, Axis Bank, Friday lowered its base rate by 0.10 percent to 9.85 percent, effective June 30.






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