Bank Of Maharashtra

Bank of Maharashtra, Pune-based bank is planning to increase equity capital by way of preferential allotment to Government of India and/or to qualified institutional buyers or rights issue. It will be taking the final decision in the meeting of the board of directors of the bank, which will be held on December 22, 2012.

As of September 2012, government's shareholding in the bank was nearly 79% of the share capital.  The bank had a capital adequacy ratio of 10.75 at the end of September 2012.