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.