MoneyWorks4Me

Bank of Maharashtra to raise Rs 600 crore on private placement basis

03 Mar 2020 Evaluate

Bank of Maharashtra is proposing to raise capital by issue of Basel III Compliant Unsecured, Redeemable Non-Convertible Tier II bonds of Base issue size of Rs 200 crore with Green Shoe Option of Rs 400 crore aggregating to Rs 600 crore on private placement basis.

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 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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