Bank of Maharashtra Revises Marginal Cost of Funds Based Lending Rate (MCLR)
Bank of Maharashtra announced a revision of its Marginal Cost of Funds Based Lending Rate (MCLR) following a comprehensive review. The updated MCLR rates are set to take effect starting May 30, 2026.The bank determined the revised lending rates across various tenors, revising the MCLR structure to reflect the current market environment.
The following table outlines the existing MCLR rates compared to the rates revised for May 30, 2026:
| Tenor | Existing MCLR | Revised MCLR (w.e.f. 30.05.2026) |
|---|---|---|
| Overnight | 7.65% | 7.50% |
| One month | 8.20% | 8.30% |
| Three months | 8.55% | 8.55% |
| Six months | 8.70% | 8.70% |
| One Year | 8.85% | 8.85% |
MAHABANK Stock Price Movement
Shares of Bank of Maharashtra today slipped by 0.72% to settle at ₹79.27 in post-market trading. The stock closed following a substantial volume of 11.91 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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