Bank of Maharashtra Revises MCLR Rates Effective March 31, 2026
Bank of Maharashtra has revised its MCLR rates, effective March 31, 2026. The overnight MCLR is reduced to 7.75% from 7.90%. Rates for one month, three months, six months, and one year remain unchanged.
The revision in MCLR, particularly the reduction in the overnight rate, is a standard operational adjustment. While it might slightly impact lending costs, it is unlikely to have a substantial effect on the bank's overall financial performance or market standing.
The announcement details a revision in MCLR rates, with a reduction in the overnight rate but no changes in other tenors. This is a routine operational update and does not indicate a significant positive or negative development for the bank.
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 March 31, 2026.
The overnight MCLR has been revised from 7.90% to 7.75%. The MCLR for one month, three months, six months, and one year remain unchanged at 8.20%, 8.45%, 8.70%, and 8.85% respectively.
This update is provided in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
What to do with a filing like this
Bank of Maharashtra filed this with the NSE as a statutory disclosure, categorised under interest rates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Bank of Maharashtra. Read the original for the full detail.