The Government of India has infused Capital of Rs 831 crore in Bank of Maharashtra. The Bank had received the Capital of Rs 831 crore on March 20, 2020 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 Government of India (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.