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Bank of Maharashtra to see rise in customer defaults due to pandemic impact

07 Jun 2021 Evaluate

Bank of Maharashtra (BOM) has reported that the pandemic-driven slowdown in the economic activities may lead to a rise in customer defaults, and its impact on the bank will depend on the COVID-19 situation going forward. There has been significant volatility in the global and Indian economy as the outbreak of the pandemic continues to spread.

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.

Peers
Company Name CMP
State Bank Of India 948.40
PNB 113.75
Bank Of Baroda 233.85
Canara Bank 118.55
Union Bank Of India 172.50
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