Bank of Maharashtra has raised Rs 500 crore by issue of Basel III Compliant Unsecured Redeemable Non-Convertible Tier II Bonds. The bonds have been rated as AA hyb by ICRA and AA by CARE. The Bonds bear the coupon rate of 9.20% p.a.
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.