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Repo rate hike effect: Axis Bank raises MCLR by 35 bps - Dr-Buzz4U

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Repo rate hike effect: Axis Bank raises MCLR by 35 bps

Dr-tech May 18, 2022 news

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Repo rate hike effect: Axis Bank raises MCLR by 35 bps

By Shashank Didmishe Axis Bank on Wednesday announced a 35-bps increase in its marginal cost of funds based lending rates (MCLR). It is the second time in last two months that the lender has increased the MCLR. The bank will charge 7.75% for loans with one-year maturity, 7.85% for loans with two-year maturity and 7.90% […]