Bank of Maharashtra trades in green on the BSE

Bank Of Maharashtra | Bank - Public | BFSI | BSE: 532525 | NSE: MAHABANK

02 Jan 2012 Evaluate

Bank of Maharashtra is currently trading at Rs. 39.45, up by 0.95 points or 2.47% from its previous closing of Rs. 38.50 on the BSE.

The scrip opened at Rs. 39.00 and has touched a high and low of Rs. 42.80 and Rs. 38.20 respectively. So far 11414 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.00 on 04-Jan-2011 and a 52 week low of Rs. 37.75 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 42.80 and Rs. 37.75 respectively. The current market cap of the company is Rs. 1864.23 crore.

The promoters holding in the company stood at 79.24% while Institutions and Non-Institutions held 9.69% and 11.07% respectively.

Bank of Maharashtra (BOM) has revised the interest rates on non-resident external (NRE) term deposits with effect from January 01, 2012. The bank has revised the rates on term deposits less than Rs one crore and for deposit of Rs one crore and above.

For deposits less than Rs one crore, the bank will pay interest at the rate of 9.25% per annum for maturity period ranging from one year to less than two years and for maturity period ranging from two years to less than three years while for maturity period ranging from three years to less than five years and for maturity period ranging from five years to ten years the bank will pay interest at the rate of 9.00% per annum.

Similarly, for deposits of Rs one crore and above, the bank will pay interest at the rate of 9.00% per annum for maturity period ranging from one year to less than two years. Further for maturity period ranging from two years to less than three years and for maturity period ranging from three years to less than five years the bank will pay interest rate at 8.75% per annum. Also, for maturity period ranging from five years to ten years the bank will pay interest at the rate of 8.50% per annum.

The Reserve Bank of India (RBI) had deregulated savings deposit rates on October 25, 2011. The bank has taken this step in line with the move taken by RBI and to keep itself ahead of its competitors.

Bank of Maharashtra Share Price

80.22 0.29 (0.36%)

05-Jun-2026 10:33 View Price Chart

Peers

Company Name	CMP
SBI	985.50
PNB	106.85
Bank Of Baroda	265.35
Canara Bank	134.30
Union Bank Of India	167.25
View more..

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