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Bank of Maharashtra launches share sale to institutions: Report

05 Dec 2017 Evaluate

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.



Peers
Company Name CMP
State Bank Of India 980.00
PNB 123.90
Bank Of Baroda 241.50
Canara Bank 119.75
Union Bank Of India 186.15
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