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Bank of Maharashtra has cut its lending rate by up to 0.2 percent.
It has said in a regulatory filing that the bank has reduced marginal cost of funds based lending rate (MCLR) across various tenures effective today.
The reduction in the benchmark rate will make the home, car and other loans linked to MCLR cheaper.
The bank has lowered the MCLR by 0.20 percent to 8.75 percent, from 8.95 percent, for 1-year tenure.
