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Bank of Maharashtra to raise Rs 300 crore from government via preferential allotment

27 Mar 2017 Evaluate

Bank of Maharashtra, a leading public sector bank, will issue equity shares to the government on a preferential basis against a capital infusion of Rs 300 crore. The bank at its board meeting held on 24 March 2017 has considered the proposal for issue of equity shares subject to necessary approvals from shareholders and other authorities.

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 961.00
PNB 122.50
Bank Of Baroda 238.50
Canara Bank 118.35
Union Bank Of India 185.20
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