Bank of Maharashtra has informed the Exchange regarding 'Revision in MCLR rate'.
MAHABANK · price
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Bank of Maharashtra has revised its Marginal Cost of Funds Based Lending Rate (MCLR) effective from 31st March 2026. The overnight MCLR has been reduced from 7.90% to 7.75%, a cut of 15 basis points. MCLR rates for all other tenors remain unchanged: one month at 8.20%, three months at 8.45%, six months at 8.70%, and one year at 8.85%. The revision applies across all benchmark lending rates used for pricing rupee loans to borrowers.
The 15 bps reduction in the overnight MCLR slightly lowers borrowing costs for very short-tenor loans, while loans linked to other tenors (1 month to 1 year) will see no change in interest rates. For shareholders, this is a minor and routine rate revision, unlikely to materially impact margins or the stock price in the near term.