The Bank of Maharashtra has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR), effective from 30th April 2026. The review has led to adjustments in various tenors, reflecting the bank’s strategic response to current financial conditions.
The overnight MCLR has been reduced from 7.75% to 7.65%, offering a slight relief to borrowers opting for short-term loans. Meanwhile, the one-month MCLR remains unchanged at 8.20%, indicating stability in this specific lending segment.
For the three-month tenor, the MCLR has been increased from 8.45% to 8.55%, suggesting a strategic adjustment to align with the bank’s financial objectives. The six-month and one-year MCLR rates remain steady at 8.70% and 8.85% respectively, maintaining consistency for borrowers with medium to long-term lending needs.
These revisions are in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and reflect the bank’s ongoing commitment to optimising its lending rates in response to market dynamics.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).