Axis Bank Cuts Base Rate

Mumbai: A day after its bigger rival ICICI Bank cut its lending rate, Axis Bank, India's third-largest private lender, on Friday lowered its base rate by 0.10 per cent to 9.85 per cent, effective June 30. Axis Bank, led by Shikha Sharma, has cut its base rate, or the minimum lending rate, by 0.10 per cent to 9.85 per cent, a bank spokesman said. With this, the lender has passed on 0.30 per cent reduction to borrowers this fiscal ye...