Axis Bank, private sector bank in India, has decided to keep the marginal cost of fund based lending rates (MCLRs) unchanged for the next monthly cycle beginning Feb. 18, 2017.

"Axis Bank reviews and retains the MCLRs at the same levels across tenors. The one year MCLR stands unchanged at 8.25 percent," it said in a regulatory filing.
 
The overnight, 1 month, 3 month and 6 month MCLR tenor loan will bear interest of 7.90% p.a, 7.90% p.a, 8.05% p.a and 8.15% p.a respectively. Moreover, 2 years and 3 years MCLR stand at 8.30% p.a and 8.35% p.a.

Shares of the bank declined Rs 2.2, or 0.45%, to trade at Rs 486.80. The total volume of shares traded was 83,614 at the BSE (10.05 a.m., Monday).