Page 9 - Bank Of Maharashtra

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

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

Stocks to Watch: RIL, Lupin, SBI, Maruti, PowerGrid, Minda, BoM, Vedanta

Maruti Suzuki India (MSI) is currently analysing customer feedback to ascertain if the Jimny brand can be introduced in India

Bank of Maharashtra slashes retail lending rates by up to 40 bps

The Pune-based lender's outstanding home loans stood at Rs 19,112 crore as of September 2021

Bank of Maharashtra Q2 net up 103% to Rs 264 cr on robust interest, income

The state-owned bank's net profit rose 102.7 per cent YoY to Rs 264 crore from Rs 130 crore

BoM Q2 net profit doubles, writes-off Srei's Rs 550-cr exposure

The bank's asset quality profile showed an improvement with gross NPAs declining to 5.56%

Sensex slips 336pts; Nifty Bank at new high; RIL falls 3%, TaMo DVR up 10%

Stock market LIVE: The broader markets also ended with notable losses as profit-taking continued for the third straight trading session, amid valuation and inflation concerns

Bank of Maharashtra launches digital lending platform for home, car loans

State-owned Bank of Maharashtra on Friday said it has launched a digital lending platform for its home and car loan customers.

Videocon insolvency process: BoM raises issue of breach of confidentiality

Bank of Maharashtra has raised the issue of the breach of confidentiality in the corporate insolvency resolution process of the debt-ridden group before the National Company Law Appellate Tribunal

Bank of Maharashtra expects total business to cross Rs 3 trn soon

The bank has been a performer in various key parameters, including deposit mobilisation, credit growth, recovery, risk management etc, BoM managing director and CEO A S Rajeev said

Bank of Maharashtra waives loan processing fees under special offer

State-owned Bank of Maharashtra (BoM) has announced a slew of offers, including concessional interest rates and a 100 per cent waiver on processing fees on retail loans. The bank under 'Retail Bonanza-Monsoon Dhamaka' waived the processing fee for its gold, housing and car loan and the offer is valid till September 30, 2021, BoM said in a statement on Friday. The bank offers housing and car loans with interest rates starting from 6.90 per cent and 7.30 per cent, respectively. The retail products are backed by several lucrative features like two free EMIs on regular repayment in the home loan; loan facility up to 90 per cent in the car and housing loans; and no pre-payment/pre-closure/part payment charges etc., it said. Commenting on the special offer, BoM executive director Hemant Tamta said, "We intend to gift our customers an attractive proposition for availing gold, housing and car loans, who will be benefited from lower rates and waiver of processing fee offer. The Pune-based

Govt appoints Lalit Kumar Chandel on Bank of Maharashtra board

The government has appointed Lalit Kumar Chandel, Economic Adviser, Department of Financial Services, on the board of Bank of Maharashtra

Tata Motors signs up Bank of Maharashtra for passenger vehicle financing

Bank of Maharashtra will provide loans to Tata Motors' customers at an interest rate starting 7.15 per cent.