Bank of Maharashtra (MAHABANK) — Announcement

📢 Key Event
Bank of Maharashtra revises MCLR rates effective April 30, 2026

🔄 What Changed
Overnight MCLR reduced by 10 basis points to 7.65%; three-month MCLR increased to 8.55%

💡 Investor Takeaway
Investors should monitor how the revised MCLR affects the bank's net interest margin and loan growth trajectory.

Bank of Maharashtra announced a revision to its Marginal Cost of Funds Based Lending Rate (MCLR) effective April 30, 2026, reducing overnight loan rates by 10 basis points to 7.65% while keeping other tenors unchanged or slightly increasing longer-term rates. This adjustment reflects a strategic shift in funding costs and impacts future interest income margins for retail and corporate borrowers.

📄 View Original Announcement (PDF)

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