Bank of Maharashtra Revises MCLR: Lending Rates Hiked for 6-Month and 1-Year Tenors from 17 June 2026

New Delhi: Bank of Maharashtra has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR) following a periodic review of benchmark lending rates. The updated rates will be effective from 17 June 2026.

According to the bank’s filing with stock exchanges, the revision impacts select tenors in the MCLR structure, which serves as a key benchmark for retail and corporate loan pricing.

Revised MCLR Structure

The revised Marginal Cost of Funds Based Lending Rates are as follows:

• Overnight: 7.50% (unchanged)

• One month: 8.30% (unchanged)

• Three months: 8.55% (unchanged)

• Six months: 8.70% (revised to 8.80%)

• One year: 8.85% (revised to 8.95%)

All rates are applicable on a per annum basis.

Impact on Borrowers

The upward revision in six-month and one-year MCLR tenors is expected to marginally impact borrowing costs linked to these benchmarks, including certain retail and corporate loan products. Short-term lending rates, however, remain unchanged.

Regulatory Disclosure

The revision has been communicated in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, through filings made to both the BSE and NSE.

About Bank of Maharashtra

Bank of Maharashtra is a leading public sector bank in India offering a wide range of banking and financial services across retail, corporate, and rural segments.