1 min read.Updated: 19 Apr 2022, 09:29 AM ISTLivemint
The benchmark one-year tenor MCLR will make consumer loans such as personal, auto and home loans pricey among others
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Axis Bank has hiked its Marginal Cost of Funds based Lending Rate (MCLR) by 5 basis points (bps) with effect from 18 April. The benchmark one-year tenor MLCR will rise to 7.35 per cent. The overnight, one-month, three-month and six-month MCLRs have been hiked by 0.05 per cent each to 7.20%, 7.30% and 7.35% respectively.