Bank of Maharashtra is currently trading at Rs. 39.90, up by 0.15 points or 0.38 % from its previous closing of Rs. 39.75 on the BSE.
The scrip opened at Rs. 40.05 and has touched a high and low of Rs. 40.30 and Rs. 39.60 respectively. So far 4954 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 55.15 on 09-Jun-2014 and a 52 week low of Rs. 29.10 on 28-Feb-2014.
Last one week high and low of the scrip stood at Rs. 41.20 and Rs. 39.55 respectively. The current market cap of the company is Rs. 4252.73 crore.
The promoters holding in the company stood at 79.80 % while Institutions and Non-Institutions held 14.60 % and 5.61 % respectively.
Bank of Maharashtra, a premier Nationalized Bank is reportedly planning to sell around Rs 500 crore of non-performing assets (NPAs) to asset reconstruction companies (ARCs) before the end of March 2015. The bank is looking to improve the NPA situation and sale of bad loans is part of the bank’s NPA management strategy. As of end December 2014, the bank’s gross NPAs as a percentage of advances stood at 6.65 per cent, while the net NPA level stood at 4.7 per cent.
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.
