Page 12 - Bank Of Maharashtra

RBI slaps Rs 1-cr fine on Bank of Maharashtra for not complying with norms

According to RBI, the fine was imposed for non-compliance with 'Master Directions on Frauds-Classification and Reporting'

Bank of Maharashtra deserves to keep independent identity: Outgoing chief

Mumbai, 29 November Central government-owned Bank of Maharashtra (BoM) is on the mend and deserves to continue operating as a separate entity, not be merged into bigger and other lenders, says its outgoing managing director (MD).The bank is presently under the Prompt Corrective Action (PCA) clamp of the Reserve Bank of India (RBI), for having see an undue rise in stressed loans.Ravindra Marathe, the outgoing MD and chief executive officer (Thursday is his last day in this office), was asked by this publication if there was a business case for BoM to remain a separate entity, in the backdrop of consolidation among other state-owned lenders. He asserted there was a strong commercial basis for staying an independent entity. Adding: "We might not grow at 20 per cent (annually) but will definitely grow at five to 10 per cent. Nothing wrong in that. It is stable and steady performance." It was, went on, the only bank with nearly 60 per cent of its branch network, and 62 per cent of its ...

Bank of Maharashtra restores powers of its CEO, executive director

The board also reinstated functional responsibilities of R K Gupta

Bank of Maharashtra Q1 loss trebles to Rs 11.19 billion as bad loans spike

Provisioning for NPAs also increased to Rs 15.1 billion from Rs 11.57 billion in the year-ago period

Bank of Maharashtra board takes away Marathe, Gupta's executive powers

Bank executives said the proposal was moved by representative of the government, which holds a majority stake in Pune-based bank

Bank of Maharashtra divests CEO and executive director of their powers

Last week, Economic Offence Wing of Pune police arrested Bank of Maharashtra's MD and CEO Ravindra Marathe

DSK fraud case: Bank of Maharashtra MD and CEO Ravindra Marathe gets bail

While granting bail to Marathe, the court remanded other persons arrested in the case in judicial custody for 14 days

DSK Group scam: Pune court reserves bail plea of BoM's CEO Ravinder Marathe

Marathe and other top officials of the nationalised bank were arrested last week

Bankers not being hounded; BoM arrests an aberration: FinMin official

The finance ministry official further said being a large country such aberrations do happen but they only help make the system better for the future

Arrest of BoM brass: Bankers on the warpath, may meet govt on witch-hunt

Sources said bankers held discussions with Devendra Fadnavis late Friday night about the arrest of BoM executives

Bank of Maharashtra hits record low as CMD gets arrested in DSK Group scam

The stock hit a record low of Rs 12.50, down 7% after the EOW arrested Ravindra P. Marathe, CMD, in a case of Rs 30 billion fraudulent loans extended to Pune's DSK Group.

Bank of Maharashtra CMD Ravindra Marathe arrested in Rs 30bn DSK Group scam

The 83-year-old Pune-headquartered Bank of Maharashtra is ranked among the major public sector banks in India

Bank of Maharashtra Q3 net loss widens three-fold to Rs 59.67 billion

Bank's Capital Adequacy Ratio (CAR) stood at 11.29 per cent at end of December 2017, against 11.43 per cent in December 2016

Bank of Maharashtra Q3 net loss widens three-fold to Rs 5.96 billion

Net NPAs too rose to 12.17 per cent of the net advances by end of the third quarter from 10.67 per cent in same period a year ago

Bank of Maharashtra launches share sale to raise around Rs 300 cr

Bank of Maharashtra, in a stock exchange filing, said it was launching the share sale

Bank of Maharashtra posts Rs 23-cr loss

The bank's total Capital Adequacy Ratio (CAR) was at 11.28 per cent as of September 30, 2017

Bank of Maharashtra shares down nearly 4% on RBI's PAC action

RBI has initiated PAC against the bank because of its mounting bad loans

Bank of Maharashtra accounts lost Rs 25 cr due to fraud through UPI: NPCI

Process of recovering the money from 19 banks is on

Bank of Maharashtra raises Rs 500 cr via Basel-III bonds

Basel III compliant bonds are issued by banks to raise money to improve and strengthen capital planning to mitigate concerns on potential stresses

Bank of Maharashtra CMD Muhnot fired

Marathe new MD and CEO of Bank