Bank of Maharashtra reviews & revises its MCLR

New Delhi: Bank of Maharashtra (MAHABANK) stated in a regulatory filing that it has 'reviewed and revised the Marginal Cost of Funds Based Lending Rate (MCLR)' on Wednesday. The mandatory filing also stated that the bank has revised its Overnight MCLR from 7.30 percent to 7.50 percent.

"MCLR for one month has been increased from 7.50 percent to 7.70 percent. MCLR for three months has increased from 7.60 percent to 7.90 percent. For six months, the MCLR has increased from 7.70 percent to 8 percent. MCLR for a year has been revised from 7.90 percent to 8.20 percent," stated the bank in the BSE filing.

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