Bank of Maharashtra (BoM) is looking to raise Rs 4,000 crore during the next five years and 50% of the fund is expected to come from the Centre. The bank's capital adequacy ratio as of March 31 was at 11.94%.
Bank of Maharashtra did not receive any money during the last round of recapitalisation by the government, worth around Rs 6,900 crore. In the current budget, the government has allocated only Rs 7,940 crore for funding banks and there is no clarity whether the bank will get anything this time around or not.
