Price Update24 Jul 2026, 09:20 pm
Bank of Maharashtra Revises MCLR Rates
AI Summary
Bank of Maharashtra has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR). The new rates are effective from July 25, 2026. While rates for overnight, one-month, and three-month tenors remain unchanged, the six-month MCLR has been increased to 8.90% from 8.80%, and the one-year MCLR has been revised to 9.00% from 8.95%. These changes are applicable on an annual basis and are in compliance with SEBI regulations.
Key Highlights
- Bank of Maharashtra revises MCLR rates effective July 25, 2026.
- Six-month MCLR increases to 8.90% from 8.80%.
- One-year MCLR increases to 9.00% from 8.95%.
- Overnight, one-month, and three-month MCLR rates remain unchanged.
- Rates are applicable on a per annum basis.
Price Impact
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