Bank of Maharashtra has raised Rs 290 crore through BASEL III Compliant Additional Tier I Bonds. The bank has received total bids of Rs 1055 crore, out of which bank has accepted Rs 290 crore at coupon rate 8.75%. The said bonds will be listed on the wholesale Debt Market segment of the BSE.
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.