Bank of Maharashtra gets nod to set up IFSC Banking Unit in Gujarat

Bank Of Maharashtra | Bank - Public | BFSI | BSE: 532525 | NSE: MAHABANK

14 Feb 2025 Evaluate

Bank of Maharashtra has received approval from Reserve Bank of India for setting up of an IFSC Banking Unit (IBU) in GIFT City, Gandhinagar, Gujarat.

Earlier, the bank had reported 35.82% rise in net profit at Rs 1,406.45 crore for Q3FY25 as compared to Rs 1,035.51 crore for the same quarter in the previous year. Total income of the bank increased by 21.55% at Rs 7,112.43 crore for Q3FY25 as compared to Rs 5,851.34 crore for the corresponding quarter previous year.

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	979.30
PNB	115.85
Bank Of Baroda	234.25
Canara Bank	123.00
Union Bank Of India	176.25
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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