Axis Bank Cuts Deposit Rates by Up to 0.20%

Mumbai: A day after the Reserve Bank's policy announcement, country's third-largest private sector lender Axis Bank on Wednesday announced a deposit rate cut of up to 0.20 per cent. "We have cut the deposit rates between 0.10 per cent to 0.20 per cent across all tenors," a bank official told PTI. The revision in deposit rates, which generally precedes a lending rate cut, is applicable June 9, the official said. However, the bank h...