Axis Bank hikes base rate by 0.25% to 10.25%

India TV Business Desk

Published: Aug 19, 2013, 06:19 PM IST,Updated: Aug 19, 2013, 06:21 PM IST

New Delhi: Axis Bank Ltd on Monday said it has raised its minimum lending rate, or base rate, by 25 basis points to 10.25% with immediate effect.Axis Bank follows its private sector rivals HDFC Bank

New Delhi: Axis Bank Ltd on Monday said it has raised its minimum lending rate, or base rate, by 25 basis points to 10.25% with immediate effect.

Axis Bank follows its private sector rivals HDFC Bank Ltd and Yes Bank Ltd in hiking its lending rate.

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Axis Bank