Bank of Maharashtra raises lending rate by 20 bps; EMIs to become costlier
NEW DELHI: State-owned Bank of Maharashtra (BoM) on Monday raised the marginal cost of funds-based lending rates (MCLR) by 0.20 per cent or 20 basis points across tenors. The revision will make loans linked to MCLR benchmark costlier. The benchmark one-year MCLR will be 7.80 per cent from Monday, as against 7.60 per cent. The […]
Indian Overseas Bank and Bank of Maharashtra cut lending rates
NEW DELHI: State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR). “Our Bank has revised the MCLR w.e.f 10.05.2020 until further review,” Indian Overseas Bank said in a regulatory filing. The Chennai-headquartered lender said the MCLR for the benchmark one-year tenor […]
Bank of Maharashtra appoints A S Rajeev as MD, CEO
NEW DELHI: State-owned Bank of Maharashtra on Sunday announced that A S Rajeev has joined the lender as its Managing Director & Chief Executive Officer. “A S Rajeev has joined Bank of Maharashtra as Managing Director & Chief Executive Officer on 2nd December 2018. Prior to this, he was Executive Director of Indian Bank from […]