Price Update16 Jun 2026, 09:00 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 rates for Overnight, One Month, and Three Months tenors remain unchanged at 7.50%, 8.30%, and 8.55% respectively. However, the MCLR for Six Months has been increased from 8.70% to 8.80%, and for One Year, it has been revised from 8.85% to 8.95%. These revised rates are effective from June 17, 2026.
Key Highlights
- MCLR rates revised for six months and one year tenors.
- Six-month MCLR increased by 10 bps to 8.80%.
- One-year MCLR increased by 10 bps to 8.95%.
- Overnight, one-month, and three-month MCLR rates remain unchanged.
- Revised rates are effective from June 17, 2026.
Price Impact
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