Page 11 - Bank Of Maharashtra

Canara Bank, Bank of Maharashtra to reduce MCLR by 10, 20 basis points

Overnight and one-month lending rates have been cut by 10 basis points to 7.20 per cent each

Bank of Maharashtra sanctioned Rs 2,789 cr in loans to MSMEs in 3 months

The bank said it was now gearing up to extend the stimulus package announced by Finance Minister Nirmala Sitharaman to restart business activities

Maha Bank to raise up to Rs 600 cr via bonds on private placement basis

To comply with Basel-III Capital Regulations, banks need to improve and strengthen their capital planning processes

BoM, SBI only PSBs rated 'good' in digital transactions in Dec: Govt data

For digital transactions, the government has given a target of 4,000 crore digital transactions for the current fiscal

Bank of Maharashtra net profit jumps to Rs 135 cr in Dec qtr; NII up 36%

Net interest margins (NIM) stood at 2.86 per cent compared to 2.41 per cent in the year-ago period

Banks Board Bureau recommends BoB's Sanjiv Chadha for the post of MD & CEO

The bureau has also suggested the names of L V Prabhakar and Atanu Kumar Das for Canara Bank Bank of India chiefs, respectively

Bank of Maharashtra Q2 net profit jumps over four-fold to Rs 114.66 crore

It reported profit before tax (PBT) at Rs 751.78 crore for the second quarter (Q2) ended September 30 (Q2FY20), down from Rs 794.34

Bank of Maharashtra September quarter net jumps four-fold to Rs 115 cr

The bank had registered a net profit of Rs 27 crore in July-September quarter of the previous financial year

Bank of Maharashtra cuts MCLR by 0.10% to 8.40% effective October 8

Base rate has been kept unchanged at 9.50 per cent per annum

RBI turns down Maha Bank's request to set-off losses on share premium

The bank would look for higher equity infusion from the central government, its promoter, and also look at tapping tier-II bonds to enhance capital adequacy

RBI denies Bank of Maharashtra proposal for setting off Rs 7,360 cr losses

The Bank's board and shareholders approved setting off losses against the balance lying in share premium account and revenue reserve account of bank

Amalgamating 10 govt banks into 4 entities in mega consolidation move: FM

After today's mergers, the count of government-owned banks will come down to 12 from 27 in 2017

Cheaper loans: Bank of Maharashtra to link retail loans with repo rate

Through linking of repo rate to retail loans, the bank is passing interest rate benefits directly to the customers and it will make the retail loans cheaper, it said

Bank of Maharashtra, IDBI Bank cut lending rates by 10 to 15 basis points

Many more banks are expected to follow suit with rate cuts on the back of comfortable liquidity and low bond yields

Bank of Maharashtra lowers lending rates by a nominal 5 basis points

In a 4:2 majority vote, RBI had cut the repo rate to 6 per cent from 6.25 citing the need to support growth that has lost momentum of late in the first bi-monthly monetary policy announced on Thursday

Bank of Maharashtra to sell Videocon's TN unit to recover Rs 154-cr debt

Videocon group is among 40 large defaulters identified by the Reserve Bank first for insolvency proceedings

Bank of Maharashtra to auction assets of Videocon Group's Unity Appliances

Videocon Industries and its promoter Venugopal Dhoot and P N Dhoot are guarantors to Unity Appliances, as per the public notice put out by BoM

Bank of Maharashtra to auction Videocon-backed unit's assets in Tamil Nadu

The outstanding dues of the unit are over Rs 153 crore, plus interest, from January 5, 2018

Bank of Maharashtra cuts lending rate by 5 bps for loans with 6-month tenor

Earlier in the day, the Reserve Bank cut its repo rate at which it lends to the system by 0.25% to 6.25%

Bank of Maharashtra Q3 net loss widens 7-fold to Rs 3,764 crore

The provision for the bad loans increased significantly to Rs 4,538.28 crore in the quarter, compared with Rs 1,343.62 crore in the year-ago period