Bank of Maharashtra has raised Rs 1,000 crore through bonds issue to funds business growth. The bank has issued AT1 Tier 1 Basel Ill compliant Bonds of Rs 500 crore with Green Shoe Option of Rs 500 crore is fully subscribed and the Bank has closed the issue on January 10, 2015. The Bank is exercising the Green Shoe option and will allot the Bonds amounting to Rs 1,000 crore as per subscription amount received from the investors.
Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The bank also offers services to agricultural and SME sectors.
