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Bank of Maharashtra lowers overnight MCLR to 7.10%, effective August 31, 2026
01-Sep-2026, 01:41

Bank of Maharashtra announced a revision of its Marginal Cost of Funds Based Lending Rate (MCLR) effective August 31, 2026, decreasing the overnight rate to 7.10% from 7.30%, the one-month rate to 8.15% from 8.30%, and the six-month rate to 8.85% from 8.90%, while the three-month rate increased to 8.60% from 8.55%, and the one-year rate remained at 9.00%, according to a regulatory filing with the BSE Ltd. and National Stock Exchange of India Ltd.