Bank of Maharashtra keeps MCLR rate on various tenors unchanged

MCLR on one-year tenor stays at 7.25%.

Nov 08, 2021 03:11 IST India Infoline News Service

State-owned Bank of Maharashtra has reviewed its Marginal Cost of Funds Based Lending Rate (MCLR) on various tenors. The lender has kept the benchmark lending rate unchanged and it has come into effect from Monday onward.

MCLR on one-year tenor stays at 7.25%.

While MCLR on six months and three months tenor comes at 7.15% and 7.10% respectively.

The benchmark rate is 6.80% on one month tenor, while it is 6.70% on overnight tenor.

At around 3.29 pm, Bank of Maharashtra is trading at Rs21.45  per piece up 0.5% on Sensex.

The stock has touched an intraday high and low of Rs21.60 per piece and Rs21.10 per piece respectively.

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