Bank of Maharashtra Revises MCLR Effective June 17, 2026

The Bank of Maharashtra has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR) effective from June 17, 2026. This update affects the 6-month and 1-year tenors, while other tenors remain unchanged. 

Details of the Revised MCLR Rates 

According to the latest announcement, the Bank of Maharashtra has revised its MCLR rates. The overnight, 1-month, and 3-month tenors remain unchanged at 7.50%, 8.30%, and 8.55% respectively.  

However, the 6-month tenor has been increased from 8.70% to 8.80%, and the 1-year tenor has been adjusted from 8.85% to 8.95%. All the rates mentioned are applicable on a per annum basis. 

Beneficiaries of the Rate Revision 

The revised MCLR rates will impact borrowers with loans linked to these tenors. Customers with loans tied to the 6-month and 1-year MCLR are likely to see changes in their interest rates. 

Read More: Finance Ministry Extends CGSMFI-2.0 Till August 31, 2026 and Raises Loan Limit to ₹1,000 Crore! 

Bank of Maharashtra Q4 FY26 Earnings 

Bank of Maharashtra reported strong growth for Q4 FY26 with a consolidated total income of ₹8,693.46 crore, up 12.7% year-on-year, and a net profit (PAT) of ₹2,014.46 crore, representing a 34.9% YoY increase.  

For the full fiscal year, the bank saw a 15.6% increase in income to ₹32,823.72 crore and a 27.2% surge in annual net profit to ₹7,020.64 crore. 

Bank of Maharashtra Share Price Performance  

As of June 17, 2026, at 11:30 AM, Bank of Maharashtra share price on NSE was trading at ₹88.85 up by 0.75% from the previous closing price. 

Conclusion 

The Bank of Maharashtra has revised its MCLR rates effective June 17, 2026. The overnight, 1-month, and 3-month tenors remain unchanged, while the 6-month and 1-year tenors are adjusted to 8.80% and 8.95% respectively. 

Track the stock market in Hindi. Visit Angel One News for the latest market trends, insights, and share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.