Bank of Maharashtra Revises MCLR Rates Effective July 25, 2026; 1-Year Rate Cut to 9.00%

Bank of Maharashtra (NSE: MAHABANK, BSE: 532525) has reviewed and revised its Marginal Cost of Funds Based Lending Rate (MCLR) across select tenors.

The updated benchmark lending rates come into effect on July 25, 2026.

Revised MCLR Rate Structure

The bank has trimmed its overnight MCLR while making upward adjustments to the six-month and one-year tenors to reflect changes in its cost of funds.

Overnight MCLR: Cut by 20 basis points (bps) to 7.30% p.a. (down from 7.50% p.a.).

One-Month MCLR: Unchanged at 8.30% p.a.

Three-Month MCLR: Unchanged at 8.55% p.a.

Six-Month MCLR: Raised by 10 bps to 8.90% p.a. (up from 8.80% p.a.).

One-Year MCLR: Raised by 5 bps to 9.00% p.a. (up from 8.95% p.a.).

Note: All rates are stated on a per annum basis. The one-year MCLR serves as a critical benchmark for most consumer loans, including home and auto loans tied to marginal cost lending rates.

Shares of Bank of Maharashtra was last trading in BSE at Rs. 81.14 as compared to the previous close of Rs. 78.51. The total number of shares traded during the day was 1728816 in over 6634 trades.

The stock hit an intraday high of Rs. 81.40 and intraday low of 77.89. The net turnover during the day was Rs. 138449286.00.

Source : Equity Bulls

Keywords

BankofMaharashtra INE457A01014 MCLR RateRevision