Bank of Maharashtra Revises Marginal Cost of Funds Based Lending Rate (MCLR)
Bank of Maharashtra has updated its Marginal Cost of Funds Based Lending Rate (MCLR) following a comprehensive review, detailing changes across various lending tenors effective June 17, 2026.The bank released the revised MCLR rates, reflecting updates to the cost base for its lending products. The rate structure outlines both existing and newly revised percentages for several key tenors.
According to the provided data, the MCLR revision is as follows:
| Sr. No. | Tenor | Existing Rate | Revised w.e.f. 17.06.2026 |
|---|---|---|---|
| 1 | Overnight | 7.50% | 7.50% |
| 2 | One month | 8.30% | 8.30% |
| 3 | Three months | 8.55% | 8.55% |
| 4 | Six months | 8.70% | 8.80% |
| 5 | One Year | 8.85% | 8.95% |
The revision covers lending tenors from Overnight to One Year, with the revised rates taking effect starting June 17, 2026.
MAHABANK Stock Price Movement
Shares of Bank of Maharashtra on Tuesday slipped by 1.04% to settle at ₹88.19, trading down ₹0.93 from the previous close. The stock activity saw a volume of 13.33 million shares as it traded within an intraday range defined by a low of ₹87.1.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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