Bank of Maharashtra has received an approval for raising of equity capital up to Rs 2523 crore including premium by way of Preferential Allotment of equity shares of Bank in favour of Government of India (GOI). The Board of Directors of the Bank at its meeting held on January 31, 2018, considered and approved 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.