Bank of Maharashtra cuts 1-year MCLR by 10 bps, other tenure rates unchanged
This story was originally published at 09:24 IST on 1 September 2025
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--Bank of Maharashtra cuts 1-year MCLR by 10 bps
NEW DELHI – Bank of Maharashtra has reduced the marginal cost of funds-based lending rates for the one-year tenure by 10 basis points to 8.90%, effective Sunday, the bank said in an exchange filing.
The bank kept rates unchanged for other tenures. The revised MCLR for the bank now ranges from 8.20% to 8.90%.
The Reserve Bank of India's norms require banks to review their MCLR every month. The public sector bank's net profit for the June quarter rose over 23% on year to INR 15.93 billion. At 0913 IST, shares of Bank of Maharashtra were flat at INR 51.90 on the National Stock Exchange.
Bank of Maharashtra's marginal cost of funds-based lending rates for various tenures are as follows:
| Tenure | Revised rate (%) | Previous rate (%) |
| Overnight | 8.20 | 8.20 |
| One month | 8.40 | 8.40 |
| Three months | 8.55 | 8.55 |
| Six months | 8.70 | 8.70 |
| One year | 8.90 | 9.00 |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Shubham Rana
Edited by Avishek Dutta
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