Axis Bank revises its Base Rate to 10.15% p. a.

Axis Bank, India’s third largest private sector bank, revised its Base Rate from 10.25% p.a. to 10.15% p.a. with effect from October 15, 2014.

Accordingly, the effective rate applicable to various fund based credit limits which are linked

to the Bank’s Base Rate will reduce by 10 basis points.

Announcing the revision in rate Mr. Sidharth Rath, President (Treasury, Business Banking & Capital Markets), Axis Bank said “The Bank has reduced the Base Rate by 10 bps, as the cost of fund has eased due to softening of interest rates based on improving liquidity and

other macroeconomic developments."

Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to

customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

With its 2,421 domestic branches (including extension counters) and 12,930 ATMs across the country, as on 30th June 2014, the network of Axis Bank spreads across 1,647 cities and towns, enabling the Bank to reach out to a  large cross-section of customers with an array of products and services. 

The Bank also has overseas offices in UK, Singapore, Hong Kong, Shanghai, Colombo, Dubai and Abu Dhabi.

The Bank’s website www.axisbank.com offers comprehensive details about its products and services.

For further information please contact:

Axis Bank Ketchum Sampark

Suresh Warrier | Anand Mugad

+91 2224255601|+91 22 2425 5614

suresh.warrier@axisbank.com

anand.mugad@axisbank.com

Paul Ebenezer | Nagaraj Perumal

+91 9600130407 | +91 9940637801

paul.ebenezer@ketchumsampark.com

nagaraj.perumal@ketchumsampark.com

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