Bank of Maharashtra has launched a special Term Deposit scheme for 666 days ‘Maha Laabh’ on the occasion of its 79th Anniversary Day. The deposit under the scheme will attract rate of interest at 9.16% per annum at annualized yield of 9.86%. The rate of interest for senior citizen under the scheme will get higher rate of 9.66
Bank of Maharashtra has reported a fall of 71.77% in its net profit at Rs 46.85 crore for the quarter ended September 30, 2013 as compared to Rs 166.01 crore for the same quarter in the previous year. Total income of the bank increased by 31.32% at Rs 3196.56 crore for quarter under review as compared to Rs 2434.09 crore for the quarter ended September 30, 2012.
