Bank of Maharashtra hikes lending rates

Bank of Maharashtra hikes lending rates

State-owned Bank of Maharashtra (BoM) on Monday announced increase in the marginal cost of funds based lending rates (MCLR) by 10 basis points across tenors.

The revision in MCLR is effective from April 15, 2023.

The benchmark one-year MCLR is up by 10 basis points to 8.50 per cent, it said.