Page 12 - Bank Of Maharashtra

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

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.