Bank of Maharashtra has informed the Exchange about Review of MCLR Rates
MAHABANK · price
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Bank of Maharashtra has revised its MCLR rates effective from 30th September 2025. Overnight, one-month, three-month, and six-month MCLRs remain unchanged at 8.20%, 8.40%, 8.55%, and 8.70% respectively. Only the one-year MCLR has been reduced by 5 basis points, from 8.90% to 8.85%. This is a routine quarterly review of benchmark lending rates.
A marginal 5 bps cut in the one-year MCLR slightly lowers the bank's lending rate on longer-tenor loans, which could modestly support loan demand but may marginally compress net interest margins. Overall impact on shareholders is negligible as the change is minor.