GoI to infuse capital of Rs 4,498 crore in Bank of Maharashtra

01 Jan 2019

Government of India (GoI) will infuse capital of Rs 4,498 crore in Bank of Maharashtra and same will be kept in share application money account till all allotment formalities are completed.

The Bank will take all necessary approvals/ permissions from Shareholders/ Regulatory authorities for preferential allotment of Equity shares of Bank to GoI in due course of time.

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.

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