Bank of Maharashtra has raised Rs 1000 crore through BASEL III Compliant Unsecured Redeemable Taxable Subordinate Tier II Bonds and allotted 7.86%, 1000 bonds having face value of Rs 1 core each on private placement basis. Maturity date will be October 21, 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.