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Bank of Maharashtra lowers lending rate by 5 bps

Updated : February 08, 2019 07:26 AM IST

The rate cut is only for the loans with six-months tenor, while it has been left unchanged in four other time categories including the one-year MCLR.
Under the revised rate structure effective immediately, the Pune-headquartered lender will charge 8.55 percent for a six month loans, an official statement said.
Governor Shaktikanta Das had said he will speak to bankers to ensure a quicker and better transmission of the policy rates in a meeting scheduled to take place in two-three weeks. 
Bank of Maharashtra lowers lending rate by 5 bps

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