Bank of Maharashtra Revises MCLR Rates Effective September 30, 2026
Bank of Maharashtra has revised its Marginal Cost of Funds Based Lending Rate (MCLR) effective September 30, 2026. Overnight MCLR reduced to 7.05%, one-month to 7.90%, three-month to 8.40%, and six-month to 8.70%. One-year MCLR increased to 9.05%.
Changes in MCLR directly affect the bank's lending rates for various tenors, impacting both borrowing costs for customers and the bank's net interest margin. The revision across multiple tenors makes the impact significant.
The announcement details revisions to MCLR rates, with some rates decreasing and one increasing. This mixed movement suggests a neutral impact on the bank's profitability and customer lending.
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.
The overnight MCLR has been reduced from 7.10% to 7.05%. The one-month MCLR has been decreased from 8.15% to 7.90%. The three-month MCLR has been revised from 8.60% to 8.40%. The six-month MCLR has been reduced from 8.85% to 8.70%.
However, the one-year MCLR has been increased from 9.00% to 9.05%. All the rates mentioned are applicable on a per annum basis. This information is submitted pursuant to 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 other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Bank of Maharashtra. Read the original for the full detail.