Page 13 - Bank Of Maharashtra

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

Bank of Maharashtra announces 500 PO vacancies

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

Bank of Maharashtra to raise Rs1,000 crore capital

Over the next two years the bank would focus on cutting down its NPA, expand its portfolios in home loan, SME and priority sectors.