Bank of Maharashtra News and Updates

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Bank of Maharashtra

14 Apr 2025, 11:08AM

46.03

0.81%

Bank of Maharashtra cuts retail loan rates by 25 bps

Business Line

The bank's repo-linked lending rate (RLLR) has now been reduced from 9.05% to 8.80%.

Bank of Maharashtra has an average target of 68.00 from 1 broker.

Bank of Maharashtra

08 Apr 2025

46.03

0.81%

Bank of Maharashtra's credit growth surpasses total deposit growth

Business Standard

The lender's total advances grew by 17.8 per cent year-on-year to Rs 2.4 trillion, while on a quarterly basis, advances were up by 5 per cent

Bank of Maharashtra has lost -27.63% in the last 1 Year

Bank of Maharashtra clocks 18% loan growth in Q4, total biz hits Rs 5.5 trn

Business Standard | 08 Apr 2025 2 more

Bank of Maharashtra

28 Feb 2025

46.03

0.81%

Bank Of Maharashtra Kicks Off Roadshows For Rs 2,500-Crore QIP

NDTV Profit

Bank of Maharashtra is looking to raise up to Rs 2,500 crore through a mix of overseas and domestic investors, which include hedge funds, pension funds and sovereign funds.

Promoters have decreased holdings from 86.46% to 79.60% in Dec 2024 qtr

Bank of Maharashtra

23 Feb 2025

46.03

0.81%

Bank of Maharashtra slashes interest rate on retail loan by 25 bps

Business Line

The benchmark rate for home loan has been reduced to 8.10% and car loan comes down to 8.45%

Number of FII/FPI investors increased from 138 to 162 in Dec 2024 qtr.

Bank of Maharashtra

16 Feb 2025

46.03

0.81%

Bank of Maharashtra receives RBI's approval for opening GIFT City branch

Business Standard

State-owned Bank of Maharashtra (BoM) on Sunday said it has received approval from the Reserve Bank of India to set up an International Financial Services Centre (IFSC) Banking Unit at GIFT City. The branch will function as Bank of Maharashtra's first international branch carrying out offshore banking operations from India. Speaking on the development, BoM MD & CEO Nidhu Saxena said," This is a significant opportunity for our bank as we continue to expand our operations across geographies. The opening of IBU in GIFT City will be yet another milestone in the bank's growth story." This development will help expand international banking business and also enable the bank provide specialised banking services to its customers, he added. Aligned with the government's vision of making India an international financial hub, the GIFT City, located in Gandhinagar, Gujarat is India's first IFSC, aimed at revolutionizing India's financial ecosystem by providing world-class banking services...

Number of FII/FPI investors increased from 138 to 162 in Dec 2024 qtr.

Bank of Maharashtra

23 Jan 2025

46.03

0.81%

BANK OF MAHARASHTRA

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Bank of Maharashtra is trading below all available SMAs

Bank of Maharashtra

16 Jan 2025

46.03

0.81%

Bank of Maharashtra plans QIP of about 2,500 cr in FY26 to meet MPS norms

Business Line

By doing so, the government's stake in the public sector bank will come down from 79.60 per cent now to 75 per cent

Promoters have decreased holdings from 86.46% to 79.60% in Dec 2024 qtr

Bank of Maharashtra eyes QIP of Rs 2,500 cr in FY26 to support biz growth

Business Standard | 16 Jan 2025

Bank of Maharashtra

16 Jan 2025

46.03

0.81%

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Bank of Maharashtra

15 Jan 2025, 05:31PM

46.03

0.81%

Bank of Maharashtra reports 36% increase in Q3FY25 net profit at 1,406 crore

Business Line

Bank of Maharashtra had reported a net profit of 1,036 crore in the year ago quarter

Institutional Investors have increased holdings from 5.72% to 12.42% in Dec 2024 qtr.

Bank of Maharashtra Q3 Results: PAT jumps 36% YoY to Rs 1,406 crore, gross NPAs drop 24 bps

Economic Times | 15 Jan 2025, 04:52PM 1 more

Bank of Maharashtra

15 Jan 2025, 04:19PM

46.03

0.81%

Bank of Maharashtra Q3FY25 results: Net profit rises 36% to Rs 1,406 crore

Business Standard

State-owned Bank of Maharashtra (BoM) on Wednesday posted a 36 per cent rise in net profit to Rs 1,406 crore in the third quarter ended December 2024 with rising interest income. The Pune-based lender had posted a net profit of Rs 1,036 crore in the October-December period a year ago. Total income increased to Rs 7,112 crore during the quarter under review against Rs 5,851 crore in the same period previous year, BoM said in a regulatory filing. The bank earned an interest income of Rs 6,325 crore during the quarter compared to Rs 5,171 crore a year ago. The bank was able to reduce gross Non-Performing Assets (NPAs) to 1.80 per cent of the gross loans by the end of December 2024 from 2.04 per cent in the year-ago period. Similarly, net NPAs or bad loans came down to 0.2 per cent from 0.22 per cent at the end of the third quarter of the previous fiscal. The Provision Coverage Ratio (PCR) as of December 31, 2024, is 98.28 per cent. The bank has raised Rs 3,500 crore through Qualifi