Bank of Maharashtra is planning to raise capital for the FY 2023-24 aggregating up to Rs 7,500 crore through Follow-on Public offer (FPO)/Rights issue/ Qualified Institutional Placement (QIP) / Preferential issue or any other mode or combination of thereof and /or through issue of BASEL III or such other securities as may be permitted under the applicable laws subject to necessary approvals. A meeting of the Board of Directors of the Bank is scheduled on April 24, 2023 to consider the proposal of the same.
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.