Bank of Maharashtra — Important, 23-12-2024: Updates

Bank of Maharashtra has reviewed and revised its Marginal Cost of Funds Based Lending Rate (MCLR). The new MCLR rates for various tenors are as follows: the overnight and one-month rates remain unchanged at 8.20% and 8.40%, respectively. The three-month rate has increased from 8.60% to 8.65%, and the six-month rate has been revised from 8.80% to 8.85%. The rate for tenors exceeding six months has remained steady at 9.10%. These adjustments may impact borrowing costs for customers, reflecting the bank’s response to changes in the funding environment. Investors should monitor how these revisions might influence the bank’s lending operations and overall financial performance.