Page 10 - Bank Of Maharashtra

Bank of Maharashtra soars 20% as over 3 million shares change hands on BSE

The stock witnessed a breakout on the upside on February 15 after news agency Reuters reported that the bank could be one of the four PSBs which the government may privatise in FY22

Fresh curbs imposed in Maha may impact festive season auto sales: Icra

The fresh restrictions imposed in Maharashtra to contain the second wave of COVID-19 are likely to impact the festive season auto sales, as Navaratri and Gudi Padwa are falling in April, according to rating agency Icra. These two festivals account for a sizeable chunk of the annual vehicle sales across the country, especially in Maharashtra, it said. Gudi Padwa, which is a major festival of Maharashtra, will be celebrated on April 13, while Navrarati will also begin on the same day. The Maharashtra government earlier this week announced a slew of restrictions, including night curfews and weekend lockdowns to curtail the rapid spread of the pandemic. The state government has imposed stricter restrictions to curb the rapid spread of COVID-19 infections. Automobile dealerships, which are also covered under Shops & Establishment Act might have to remain shut till April 30, Icra vice president Ashish Modani said in a statement on Friday. "Festive periods like Navratri and Gudi-Padwa ..

PSU Bank stocks rally on report govt may soon approve privatisation roadmap

At the bourses, shares of Bank of Maharashtra skyrocketed 15.3 per cent on the National Stock Exchange (NSE), Indian Overseas Bank surged 12 per cent, and Central Bank of India jumped 10 per cent.

Bank stocks rally post Supreme Court verdict in loan moratorium case

The SC said that no direction can be issued to the government or RBI to announce any particular financial packages or reliefs

Nifty PSU Bank index up 47% in Feb on improved earnings, privatisation buzz

Indian Overseas Bank, Central Bank of India, Bank of Maharashtra, Bank of India, and Punjab & Sind Bank have seen their share price zoom between 53 per cent and 80 per cent in the last week

Size, branch reach make Bank of India an attractive privatisation candidate

First to exit PCA in 2019, the bank's efforts to better its asset quality is yielding results

Privatisation hope lifts Nifty PSB index 5%; BoI, IOB gain 40% in 2 days

Finance Minister Nirmala Sitharaman proposed to divest stake in two PSBs while unveiling Budget 2021 proposals

PSBs jump on privatisation buzz; Bank of Maharashtra, IOB hit upper circuit

In February so far (till Monday), the Nifty PSU Bank index has rallied 16.4 per cent as compared to a 7.2 per cent gain in the benchmark Nifty50

Bank of Maharashtra ties up with LoanTap Credit for co-lending to MSMEs

State-owned Bank of Maharashtra on Monday said it has entered into a co-lending agreement with the Pune-based non-banking financial company LoanTap Credit Products, for MSME loans.

Bank of Maharashtra third quarter profit rises 14% to Rs 154 crore

The bank was helped by a decline in bad loans

Bank of Maharashtra raises Rs 200 crore under tier II bond programme

The coupon offered on the bond was 7.75 per cent

BoM expects only Rs 1,000-1,500 crore loan book to be restructured

State-run Bank of Maharashtra is expecting only Rs 1,000 to 1,500 crore of its total advances to come up for one-time restructuring under the Reserve Bank of India's scheme before December 31

Bank of Maharashtra Q2 profit up 13% to Rs 130 cr on higher interest income

Net interest margin stood at 2.62 per cent for the quarter as against 2.77 per cent in the year-ago quarter.

Bank of Maharashtra Q2 profit up 13% to Rs 130 cr on higher interest income

On a consolidated basis, its profit stood at Rs 130.44 crore, compared to Rs 115.15 crore in the year-ago period

Loan recast: Bank of Maharashtra to put 'conflict of interest safeguards'

Lender would be "purely" looking at cash flow as a key parameter for approving proposals; borrowers must prove Covid-19 pandemic has impacted them

Bank of Maharashtra slashes MCLR by up to 20 bps for select tenors

Besides MCLR, the bank has also cut its interest rate on gold loans offered to farmers and retail customers

Bank of Maharashtra reports 25% jump in Q1 profit on higher interest income

The lender had reported a profit after tax of Rs 81 crore in the year-ago same quarter and Rs 58 crore in the quarter ended March 31, 2020

Bank of Maharashtra Q1 PBT at Rs 101.13 cr, NII rises 9.14% to Rs 1,088 cr

The lender holds Covid-19 related cumulative provisions of Rs 425 crore, which is more than the norms prescribed by Reserve Bank of India

Bank of Maharashtra board okays raising Rs 3,000 cr via equity, bonds

The board also gave its approval to additional fundraising of Rs 1,000 crore through Basel-III-compliant tier-I and -II bonds or other such securities at an appropriate time, it added

SBI cuts MCLR by 5-10 bps upto three months tenor to revive demand

With this revision, SBI's MCLR upto three-months tenor comes down to 6.65 per cent per annum