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Bank of Maharashtra planning to raise up to Rs 3,000 crore equity capital

28 Jun 2019 Evaluate

Bank of Maharashtra is planning to raise up to Rs 3,000 crore equity capital through various modes, including follow-on public offer or preferential issuance of shares. The decision was taken at the bank’s annual general meeting held on June 27, 2019.

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 953.00
PNB 114.35
Bank Of Baroda 234.75
Canara Bank 119.00
Union Bank Of India 173.10
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