SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bank of Maharashtra gets nod to raise funds through various modes

10 Jul 2020 Evaluate

Bank of Maharashtra has received an approval from Board of Director to raise capital upto Rs 2000 crore by way of preferential Allotment to Government of India/ FI/ other and/ or by way of Qualified Institutional Placement (QIP) issue/ Further public offer (FPO)/ Right issue and/ or AT1 Bonds and Rs 1000 crore by way of issue of Basel III complaint Tier I/ II Bonds or such or other securities at an appropriate time, subject to necessary approvals/ permissions.

The bank has also received an approval to issue of equity shares to Bank of Government of India for an amount aggregating to Rs 831 crore (including premium) on Preferential basis. The Board of Directors of the Bank at its meeting held on July 10, 2020 has considered and approved the same.

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.

Bank of Maharashtra Share Price

93.82 5.09 (5.74%)
29-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1036.45
PNB 107.00
Bank Of Baroda 273.00
Canara Bank 125.90
Union Bank Of India 174.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: