Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Bank of Maharashtra has revised its Marginal Cost of Funds Based Lending Rate (MCLR) effective 17th May 2025. The Overnight, One-month, Three-month, and Six-month MCLRs remain unchanged at 8.20%, 8.40%, 8.70%, and 8.90% respectively. Only the One-year MCLR has been revised downward by 5 basis points from 9.15% to 9.10%. This is part of the bank's routine quarterly review of its benchmark lending rate.
Likely market impact
The marginal 5 bps cut in the 1-year MCLR will slightly lower borrowing costs for loans linked to this benchmark, but with most tenors unchanged, the overall impact on the bank and shareholders is minimal.