2017-06-23 :Axis Bank cuts MCLR for short term loans by 0.10 percent
Axis Bank has slashed its marginal cost of funds based lending rate (MCLR) for short term loans by 0.10 per cent. For overnight and one month lending, the MCLR rates are cut by 0.10 per cent each to 7.80 per cent. While for three months, new MCLR is priced at 8 per cent respectively. However, the bank has kept its MCLR rate unchanged at 8.25 per cent for one year lending. The new rates are effective from 17th June, 2017.
2017-06-22 :Axis Bank plans to raise Rs. 35,000 crore for expansion
Axis Bank is planning to plans to raise funds worth Rs. 35,000 crore by tapping both the Indian as well as overseas markets on a private placement basis. In its annual report for FY16-17, the bank has reported that it might raise additional funds to maintain its capital to risk weighted assets ratio. The bank may also issue debt securities denominated in Indian rupees or any other permitted foreign currency including long-term bonds, green bonds, and non-convertible debentures.
2017-06-03 :Axis Bank SME customers to get easy access to Sulekha online platform
Online listing firm, Sulekha has entered into a strategic partnership with Axis Bank to provide the bank’s SMB and SME customers access to Sulekha’s local services marketplace. Under this partnership, now Axis Bank SME customers can get Sulekha’s online services under the net banking portal ‘Beyond Banking’ provided by Axis Bank.
2017-06-03 :Axis Bank inaugurates new branches in Gujarat
Axis Bank has announced the opening of its new branches in Kaladarshan Charrasta, Vadodara and Vijapur districts of Gujarat. The newly opened bank branches will offer a wide range of banking services including accounts, deposits and loans (auto, home, gold, personal and business loans) along with the credit card facility to the customers.
2017-05-17 :Axis Bank reduces home loan balance transfer interest rates to 8.35%
Axis Bank has announced a rate cut of 15 basis points in its balance transfer interest rates. The rates have been reduced to 8.35 per cent for a loan amount up to Rs. 30 lakhs and 8.50 per cent for a higher loan amount. The new reduced balance transfer interest rates are applicable only for logins till 31st May, 2017.
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