MoneyWorks4Me

Bank of Maharashtra raises Rs 500 crore via bonds

28 Jun 2016 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 957.25
PNB 112.00
Bank Of Baroda 232.80
Canara Bank 117.65
Union Bank Of India 168.40
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