Diabytes
Axis Bank rate cut News
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Axis Bank, the third largest private sector lender, on Tuesday announced a cut in its lending rate by 0.15 percent to bring it at par with its larger rivals.
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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.
A day after major Indian banks cut lending rates, private sector lender Axis Bank on Wednesday cut base rate by 0.20 percent to 9.95 percent.
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