Page 8 - Bank Of Maharashtra
Stocks to Watch Today: IndusInd Bank, Delhivery, Websol, BoM, Alok Inds
Stocks to Watch Today: Ambuja Cements, AU SFB, Alok Textiles, Hindustan Unilever, HDFC Life, ICICI Lombard, L&T Finance and Rallis India to announce Q1 results on Tuesday.
 "Stocks to Watch Today: IndusInd Bank, Delhivery, Websol, BoM, Alok Inds")
Bank of Maharashtra's net profit jumps 117.24% to Rs 451.9 crore in Q1
Lender eyeing equity offering of Rs 1,000 cr in second half of FY23
 "Bank of Maharashtra's net profit jumps 117.24% to Rs 451.9 crore in Q1")
Major PSU banks to go live on account aggregator system by July-end
SBI and BoB are expected to go live by the deadline; PNB and Union Bank of India are already live on the ecosystem
 "Major PSU banks to go live on account aggregator system by July-end")
Bank of Maharashtra bucks the trend, cuts MCLR by 20-35 basis points
The state-owned lender cut overnight and one-month MCLR by 25 bps to 6.90 per cent and 7 per cent
 "Bank of Maharashtra bucks the trend, cuts MCLR by 20-35 basis points")
Bank of Maharashtra tops PSU lenders chart in loan growth in FY22
The Pune-headquartered lender recorded a 26 per cent increase in gross advances at Rs 1,35,240 crore at the end of March 2022
Bank of Maharashtra to pay 5% dividend from net worth on govt nudge
The payout will make a small dent in lender's capital adequacy ratio; stock sheds 3.73% on BSE
Bank of Maharashtra eyes 25-30% jump in net profit in FY23 with NII growth
In the fiscal ended March 31, 2022, the Pune-based lender reported an over two-fold jump in its profit after tax (PAT) at Rs 1,152 crore, as against Rs 550 crore for the year ended March 2021
'You don't go after big fish but harass poor farmers': SC to bank
A bench of Justices DY Chandrachud and Surya Kant took note of the High Court order and said that there is nothing wrong with it and will not interfere with it.
 "'You don't go after big fish but harass poor farmers': SC to bank")
HDFC Bank, Canara Bank, Indian Overseas Bank others raise lending rates
HDFC Bank hiked marginal cost of funds based lending rate (MCLR) by 25 bps across all tenures up to 7.7 per cent, effective May 7
 "HDFC Bank, Canara Bank, Indian Overseas Bank others raise lending rates")
Bank of Maharashtra reports two-fold increase in Q4 profit to Rs 355 cr
State-owned Bank of Maharashtra on Thursday reported an over two-fold increase in its consolidated net profit at Rs 355 crore in the quarter ended March, helped by a fall in the bad loan proportions
RBI imposes Rs 1.12 cr penalty on Bank of Maharashtra for non-compliance
This action is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with customers.
RBI imposes Rs 1.12 cr penalty on Bank of Maharashtra for non-compliance
Separately, the central bank has imposed a penalty of Rs 25 lakh on The Haryana State Co-operative Apex Bank, Chandigarh for contraventions with RBI directions on housing finance
 "RBI imposes Rs 1.12 cr penalty on Bank of Maharashtra for non-compliance")
Bank of Maharashtra to divest entire 4% stake in ISARC for nearly Rs 4 cr
The bank's 4 per cent stake, equivalent to 40,00,000 equity shares, will be sold at Rs 9.80 per share for a cash consideration for Rs 3.92 crore, it said
Bank of Maharashtra's gross advances grow 27% to Rs 1.36 trillion in FY22
The retail loan growth was led by an increase in its home loan book which registered a jump of 52.1 per cent
Banking sector should see robust loan growth this year: BoM MD
The banking sector is at an inflection point with COVID-19 related-problems yielding place to the regeneration of demand in all segments of the industry and overall optimism in the economy: BoM MD
Bank of Maharashtra raises Rs 290 crore via Basel III compliant bonds
The AT1 instrument is perpetual in nature with call option after five years, said the lender
Bank of Maharashtra emerges leader among PSBs in deposit mobilisation in Q3
Bank of Maharashtra (BoM) has become top performer among public sector banks (PSBs) in terms of growth in deposit mobilisation in the third quarter ended in December 2021, according to an analysis. The Pune-headquartered lender recorded a 15.21 per cent increase in total deposits at Rs 1,86,614 crore in the October-December period of 2021-22, according to the data published by the bank. An analysis of data disclosed by various lenders for the third quarter showed that BoM was followed by Punjab & Sind Bank which posted a 10.87 per cent growth in total advances with aggregate loans at Rs 1,00,351 crore. When it came to savings deposit mobilisation, BoM recorded an 18.33 per cent growth at Rs 80,815 crore. It was followed by Bank of Baroda that reported a 12.36 per cent rise at Rs 3,22,909 crore and State Bank of India. SBI posted an increase of 10.30 per cent. However, in absolute terms, SBI's savings deposit base was 18 times higher at Rs 14,73,506 crore as against BoM's Rs 80,815
Bank of Maharashtra Q3 net doubles to Rs 325 cr on robust NII
Lender plans equity issue of Rs 500-750 cr in current quarter
Bank of Maharashtra's loan book grows 23% to 1.29 trn in Dec quarter
Pune-based bank's deposits expanded by 15.21 per cent to Rs 1.86 trillion as of December 31, 2021
Asheesh Pandey takes charge of Bank of Maharashtra's executive director
Pandey replaced Hemant Kumar Tamta who demitted office after completion of his term
