Axis Bank cuts MCLRs by 5 bps

India Infoline News Service | Mumbai | October 17, 2016 17:18 IST

The new loans will be priced at the published internal benchmark MCLRs as mentioned above w.e.f. 18 October 2016.

Axis Bank, India's third largest Private Sector bank reviews and reduces the MCLRs by 5 bps across all tenors.
 
MCLRs with effect from 18 October 2016:
Tenor MCLR
Overniaht 8.80%
One month 8.85%
8.85%
Three month 9.05%
Six month 9.15%
One year 9.20%
Two years 9.30%
Three vears 9.35%
 
Axis Bank
The new loans will be priced at the published internal benchmark MCLRs as mentioned above w.e.f. 18 October 2016.

Stock Price:
Axis Bank Ltd ended at Rs 518.1, down by Rs 2.55 or 0.49% from its previous closing of Rs 520.65 on the BSE.
 
The scrip opened at Rs 522.3 and touched a high and low of Rs 533.9 and Rs 517.5 respectively. A total of 8784127(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 124455.06 crore.
 
The BSE group 'A' stock of face value Rs 2 touched a 52 week high of Rs 638 on 07-Sep-2016 and a 52 week low of Rs 366.65 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs 538.55 and Rs 513.35 respectively.
 
The promoters holding in the company stood at 29.71 % while Institutions and Non-Institutions held 57.25 % and 9.47 % respectively.
 
The stock traded below its 50 DMA.

***Note: This is a NSE Chart

 

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