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Axis Bank Cuts Base Rate by 10 BPS
Last Updated : June 5, 2017, 2:29 p.m.
Axis Bank Cuts Base Rate by 10 BPS-Know More Here
Axis bank, one of India’s leading private sector banks has reduced its base rate by 10 basis points. The bank has revised its base rate to 9.15% from the earlier 9.25%. Recently, State Bank of India and HDFC bank too had lowered their base rate. State Bank of India had reduced its base rate by 15 bps while HDFC bank trimmed the base rate by 25 bps. The base rate of SBI and HDFC bank stand at 9.1% and 9% respectively.
Base Rate of top Banks in India
| Bank | Base Rate |
|---|---|
| State Bank of India | 9.10% |
| HDFC Bank | 9% |
| ICICI Bank | 9.25% |
| Axis Bank | 9.15% |