Bank of Maharashtra has raised Rs 100 crore through private placement of BASEL III Compliant Tier II Bonds. The bank has allotted 1000 Bonds having face value of Rs 10 lakh each. The maturity date will be March 23, 2031.
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.