Bank of Maharashtra, a leading public sector bank, has received shareholders’ approval to raise Rs 394 crore by issuing 10.51 crore equity shares on preferential basis to the government. The share holding of Government of India (GOI) in Bank of Maharashtra will increase to 81.61 percent from the existing 79.80 percent after the issue and allotment of aforesaid Equity Share.
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.
