Bank of Maharashtra hikes MCLR and RLLR rates

10 Jun 2022 , 02:41 PM

The public sector bank revised the overnight MCLR from 6.85 to 7.15%, one month MCLR from 6.95% to 7.25%, three months MCLR from 7.25% to 7.55%, six months MCLR from 7.30% to 7.60% and one year MCLR from 7.40% to 7.70%. The revised rates will be effective from 10 June 2022. Further, the bank has revised the repo linked lending rate from 7.20% to 7.70 per annum with effect from 10 June 2022. Bank of Maharashtra is a public sector bank in India. The Government of India held 90.97% stake in the bank as of 31 March 2022. The state-run banks net profit rose 110.5% to Rs 355.78 crore on 8.9% decline in total income to Rs 3,948.47 crore in Q4 FY22 over Q4 FY21. Shares of Bank of Maharashtra were up 0.60% to Rs 16.70 on the BSE. Powered by Capital Market – Live News