Bank of Maharashtra Revises MCLR Rates, Effective August 31, 2026
Bank of Maharashtra has revised its Marginal Cost of Funds Based Lending Rate (MCLR) effective August 31, 2026. Key revisions include overnight MCLR down to 7.10% and one-month MCLR to 8.15%. Six-month MCLR is revised to 8.85%, while three-month MCLR increased to 8.60%. One-year MCLR remains at 9.00%.
MCLR rate revisions are a standard part of banking operations and do not typically represent a significant strategic shift or immediate material impact on the bank's overall financial health or market position.
The announcement details routine revisions to MCLR rates, which are standard operational adjustments for banks. There are both decreases and increases across different tenors, indicating a neutral impact.
Bank of Maharashtra has announced a review and revision of its Marginal Cost of Funds Based Lending Rate (MCLR). The new rates are effective from August 31, 2026.
The overnight MCLR has been revised from 7.30% to 7.10%. The one-month MCLR has been adjusted from 8.30% to 8.15%. The three-month MCLR has seen an increase from 8.55% to 8.60%. For a six-month tenor, the MCLR is revised from 8.90% to 8.85%. The one-year MCLR remains unchanged at 9.00%.
All the revised rates are applicable on a per annum basis. This information is provided pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
A plain-language summary of a public exchange filing by Bank of Maharashtra. Read the original for the full detail.