Business Daily from THE HINDU group of publications
Friday, May 15, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

 Money & Banking - Interest Rates
Axis Bank cuts lending rate by 50 bps

Our Bureau

Mumbai, May 14 Private sector bank Axis on Thursday cut its benchmark prime lending rate by 50 basis points from 15.25 per cent to 14.75 per cent, with immediate effect.

The bank had earlier reduced its BPLR by 50 basis points on April 1, 2009.

This reduction is likely to impact corporate and SME loan rates.

Related Stories:
Axis Bank hikes PLR by 50 bps

More Stories on : Interest Rates | Private Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Re falls by 10 p against dollar

Bank of Maharashtra net rises 14% on income growth
Deutsche Postbank (India) cuts RBLR
Tata AIG, AP Online tie up
Bajaj Allianz’s new plan
Low penetration in non-life insurance sector: Chaturvedi
RBI to withdraw special market operations
Smart cards under financial inclusion by August: RBI
IFC extends finance to Apollo Hospitals, Max India
Axis Bank cuts lending rate by 50 bps
HDFC chief sees interest rates falling further
RBI issues draft guidelines on STRIPS trading
Bond prices steady
Create confidence by fiat?
IOC signs term loan pact for Paradip project
CIBIL launches score for personal loans
Call rate steady
Dhanalakshmi Bank trims deposit rates


Life
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line