Announced Tue, 16 Jun · 21:06 IST
Bank of Maharashtra revises MCLR rates; hikes 6-month and 1-year rates by 10 bps
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MAHABANK · price
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Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹88.10
prior close
₹88.25
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.3-0.4-0.6+1.6+2.5+1.5-0.6+0.6+6.4-6.8-9.4——
Up moveDown movePending
AI summary
Bank of Maharashtra revised its Marginal Cost of Funds Based Lending Rate (MCLR) effective June 17, 2026. Overnight (7.50%), 1-month (8.30%), and 3-month (8.55%) rates remain unchanged. The 6-month MCLR was hiked from 8.70% to 8.80%, and the 1-year MCLR was raised from 8.85% to 8.95%, both by 10 basis points. This is a routine benchmark rate review under SEBI Listing Regulation 30.
Likely market impact
Loans linked to 6-month and 1-year MCLR become marginally costlier for borrowers; minor negative for loan demand but reflects funding cost dynamics.