Bank Of Maharashtra is currently trading at Rs. 11.71, up by 0.47 points or 4.18% from its previous closing of Rs. 11.24 on the BSE.
The scrip opened at Rs. 11.36 and has touched a high and low of Rs. 11.80 and Rs. 11.30 respectively. So far 96254 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.34 on 25-Aug-2020 and a 52 week low of Rs. 7.71 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 11.80 and Rs. 11.12 respectively. The current market cap of the company is Rs. 7498.26 crore.
The promoters holding in the company stood at 93.33%, while Institutions and Non-Institutions held 3.61% and 3.06% respectively.
Bank of Maharashtra is expecting only Rs 1,000 to 1,500 crore of its total advances to come up for one-time restructuring under the Reserve Bank of India's scheme before December 31. The lender had earlier estimated around Rs 3,000-4,000 crore from its moratorium book to come under one-time restructuring. However, over a period of time the moratorium book itself came down drastically from 27 per cent in March to 15-16 per cent (Rs 14,000-15,000 crore) as of end August.
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.
