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Bank of Maharashtra planning to raise funds

29 Jan 2018 Evaluate

Bank of Maharashtra is planning to raise equity capital of the Bank by way of preferential allotment of shares to Government of India (GOI), subject to necessary approvals/ permissions in regard to communication received from GOI dated January 24, 2018 for capital infusion in the Bank. The meeting of Board of Directors of the Bank will be held on January 31, 2018, to consider the same.

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 958.60
PNB 114.30
Bank Of Baroda 234.45
Canara Bank 119.85
Union Bank Of India 172.55
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