Bank of Maharashtra has reportedly launched a share sale to institutions to raise around Rs 300 crore ($47 million) to boost its capital ratios. Also, there is so-called green-shoe option to raise a further Rs 200 crore if demand is sufficiently strong.
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.