Axis Bank hikes MCLR rates by 10 bps with effect from 18 Nov. Details Here1 min read . Updated: 18 Nov 2022, 03:19 PM IST
- As per the latest release, at Axis Bank, now 1-year MCLR is around 8.45% effective from November 18 compared to the previous rate of 8.35%. 2-years MCLR is now set at 8.55% from the previous 8.45%.
One of the leading private banker, Axis Bank has hiked the marginal cost of fund-based lending rate (MCLR) by 10 basis points on various tenures with effect from November 18. The new benchmark lending rates range from as low as 8.25% to a maximum of 8.60%. That being said, equated monthly installments (EMIs) will go up.
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