Announced Tue, 16 Jun · 20:55 IST
MCLR rates revised; 6-month and 1-year rates up by 10 bps
Business Updates View source PDF
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 17 June 2026. Overnight, 1-month and 3-month rates remain unchanged at 7.50%, 8.30% and 8.55% respectively. The 6-month rate increased by 10 bps from 8.70% to 8.80%, and the 1-year rate increased by 10 bps from 8.85% to 8.95%. This is a routine periodic benchmark lending rate review by the bank.
Likely market impact
Marginal hike in medium and long-tenor lending rates; may slightly improve NIMs but could raise EMIs for new borrowers on these tenors.