The 83-year-old Pune-headquartered Bank of Maharashtra is ranked among the major public sector banks in India
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
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, in a stock exchange filing, said it was launching the share sale
The bank's total Capital Adequacy Ratio (CAR) was at 11.28 per cent as of September 30, 2017
RBI has initiated PAC against the bank because of its mounting bad loans
Process of recovering the money from 19 banks is on
Basel III compliant bonds are issued by banks to raise money to improve and strengthen capital planning to mitigate concerns on potential stresses
Marathe new MD and CEO of Bank
Candidates will be appointed as probationary officers after successful completion of one-year PG Diploma in Banking & Finance from Manipal Global Institute or NIIT Institute of Finance, Banking & Insurance Training. Last date to apply is September 6, 2016
Over the next two years the bank would focus on cutting down its NPA, expand its portfolios in home loan, SME and priority sectors.
Shares of Bank of Maharashtra were trading 0.76% up at Rs 33 on BSE
Shares fell over 3% in early trade after the bank posted a net loss of Rs 119.84 crore
In the preceding two quarters, gross NPAs were 7.98% and 7.86% respectively