MoneyWorks4Me

Bank of Maharashtra raises Rs 1000 crore through bonds

22 Oct 2021 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 956.00
PNB 114.20
Bank Of Baroda 234.35
Canara Bank 119.55
Union Bank Of India 172.65
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