Bank of Maharashtra — Important, 30-07-2025: General Updates

Bank of Maharashtra has revised its Marginal Cost of Funds Based Lending Rate (MCLR). The bank decreased the 3-month MCLR by 0.10% to 8.55%, the 6-month rate by 0.20% to 8.70%, and the 1-year rate by 0.05% to 9.00%. Overnight and one-month MCLR rates remain unchanged. This adjustment generally indicates cheaper floating-rate loans for borrowers, which could influence credit growth and the bank's interest income dynamics.