Bank of Maharashtra is currently trading at Rs. 27.24, up by 2.03 points or 8.05% from its previous closing of Rs. 25.21 on the BSE.
The scrip opened at Rs. 26.83 and has touched a high and low of Rs. 27.73 and Rs. 25.18 respectively. So far 6320780 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 27.73 on 19-Feb-2021 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. 27.73 and Rs. 15.78 respectively. The current market cap of the company is Rs. 17659.95 crore.
The promoters holding in the company stood at 93.33%, while Institutions and Non-Institutions held 3.60% and 3.07% respectively.
Bank of Maharashtra and supply chain financing platform Vayana Network have forged a partnership to cater to the short-term funding needs of medium and small enterprises in the country. Under the partnership, Vayana and Bank of Maharashtra will help meet the short-term credit requirements of dealers and vendors of reputed corporates through the 'Mahabank Channel Financing Scheme'.
'Vayana Network's proprietary tech platform will help to digitise the transactions of supply chain financing, while the market services will help to increase penetration in the under-served MSME segment. The partnership with Vayana Network has helped the bank launch its digital channel financing solution for micro, small and medium enterprises (MSMEs).
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.
