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Bank of Maharashtra gets shareholders' nod to raise Rs 5,000 crore

25 Jun 2021 Evaluate

Bank of Maharashtra has received shareholders' approval to raise up to Rs 5,000 crore equity capital through various modes, including rights issue and preference issue. The shareholders approved the proposal at the bank's annual general meeting (AGM) held on June 24, 2021, through audio/visual means.

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 949.65
PNB 113.90
Bank Of Baroda 234.00
Canara Bank 118.55
Union Bank Of India 172.50
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