Bank of Maharashtra : Cuts lending rates (MCLR) for short tenor lending

The Bank of Maharashtra Limited (the Bank) is engaged in providing banking services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The Treasury segment includes investment, balances with banks outside India, interest accrued on investments and related income. The Corporate/Wholesale Banking Segment includes all advances to trusts, partnership firms, companies, and statutory bodies. The Retail Banking Segment includes exposure to the individual person/persons or to a small business, no aggregate exposure to one counterparty exceeds 0.2% of the overall retail portfolio of the Bank, and the maximum aggregated retail exposure to one counterpart is up to Indian Rupee five crores. The Other Banking Operations segment includes all other banking transactions. Its products and services include e-payment taxes, credit cards, doorstep banking, and a new pension scheme, among others.