Bank of Maharashtra receives upgrade in credit ratings from ICRA

Bank of Maharashtra announced that ICRA has upgraded the rating on the Bank's Tier II Bonds as under:

Basel II Tier II Bonds (Rs 1000 crore) - ICRA AA-; Stable (upgraded from ICRA A+; Positive)

Basel III Tier II Bonds (Rs 1600 crore) - ICRA AA-; Stable (upgraded from ICRA A+(hyd); Positive)

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