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Bank of Maharashtra shuts down 51 branches across India

04 Oct 2018 Evaluate

Bank of Maharashtra has shut down 51 branches - all in urban centres across India in order to cut costs. From October 1, the bank has closed these branches and declared non-viable and incurring huge losses. These branches have been closed down and merged with neighbouring branches.

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 948.55
PNB 113.30
Bank Of Baroda 233.75
Canara Bank 118.40
Union Bank Of India 172.00
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