BANK OF MAHARASHTRA PRESS RELEASE
Marketing and Publicity Dept, Head Office, Lokmanagal
1501, Shivaji Nagar, Pune 411 005 bomcomedia@gmail.com;
Bank of Maharashtra reduces Marginal Cost of Funds based Lending RatePune, August 7, 2017: Bank of Maharashtra has announced a reduction of 5 to 15 basis points in its marginal cost of funds based lending rates (MCLR) w.e.f from today,
07.08.2017.
Base rate is kept unchanged at 9.70 per cent per annum.
In a statement on revision of MCLR, Bank of Maharashtra said, "With the Reserve Bank of India (RBI) cutting the repo rate by 0.25 per cent, borrowers, particularly those with home loans, will get the benefit of decline in EMIs. In the light of the upcoming festive season, the Bank of Maharashtra is glad to pass on the policy benefits to its customers."
Bank of Maharashtra published this content on 07 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 August 2017 10:11:07 UTC.
Original documenthttp://www.bankofmaharashtra.in/press/BOM-Cuts-lending-rates-for-short-tenor-lending-07-08-2017.pdf
Public permalinkhttp://www.publicnow.com/view/B06E41037C1393129BEB0467DFDBC7B3BDD2897D
