Price Update29 Sept 2026, 09:10 pm
Bank of Maharashtra Revises MCLR Rates Across Tenors
AI Summary
Bank of Maharashtra has announced a review and revision of its Marginal Cost of Funds Based Lending Rate (MCLR). The revised rates are effective from September 30, 2026. Notably, the MCLR for overnight tenor has decreased from 7.10% to 7.05%, and the one-month tenor has been reduced from 8.15% to 7.90%. However, the one-year tenor has seen a slight increase from 9.00% to 9.05%. All rates are applicable on a per annum basis. This update is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- MCLR rates revised effective September 30, 2026.
- Overnight and one-month MCLR rates reduced.
- One-year MCLR rate shows a marginal increase.
- All rates are on a per annum basis.
Price Impact
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