Announced Thu, 30 Apr · 14:05 IST
Bank of Maharashtra revises MCLR rates across select tenors
Business Updates View source PDF
MAHABANK · price
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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹79.63
prior close
₹78.44
base price
In-mkt
timing
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AI summary
Bank of Maharashtra has revised its Marginal Cost of Funds Based Lending Rate (MCLR) effective April 30, 2026. Overnight rate cut by 10 bps to 7.65%. Three-month rate raised by 10 bps to 8.55%. One-month, six-month, and one-year rates kept unchanged at 8.20%, 8.70%, and 8.85% respectively. This is a routine benchmark rate review by the bank.
Likely market impact
Mixed MCLR revision — lower overnight rate benefits short-term borrowers, while 3-month rate hike may raise costs for medium-term loans.