Bank of Maharashtra

Do you have an account in THESE 4 state-run banks shortlisted for privatisation? Is your money safe?

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget FY 2021-22 in Parliament announced that government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.

Feb 16, 2021, 16:13 PM IST

THESE 4 banks shortlisted for privatisation: Know the banks' total workforce, other details

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget FY 2021-22 in Parliament announced that government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.

Feb 16, 2021, 10:14 AM IST

Modi govt's big move! Four state-run banks shortlisted for privatisation: Reports

Two of those banks will be selected for sale in the 2021/2022 financial year which begins in April, the officials said. The shortlist has not previously been reported. The government, however, will continue to hold a majority stake in India`s largest lender State Bank of India, which is seen as a `strategic bank` for implementing initiatives such as expanding rural credit.

Feb 15, 2021, 18:01 PM IST

RBI slaps penalties on 7 banks for violation of norms

A penalty of Rs 1 crore has been imposed on Andhra Bank for similar violations.

Feb 13, 2019, 10:09 AM IST

Bank of Maharashtra lowers lending rate by 5 bps

The rate cut is only for the loans with six-months tenor, while it has been left unchanged in four other time categories including the one-year MCLR.

Feb 08, 2019, 09:58 AM IST

RBI lifts lending curbs on BoI, BoM, OBC

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

Jan 31, 2019, 21:54 PM IST

RBI slaps Rs 1 crore penalty on Bank of Maharashtra

According to the RBI, the fine was imposed by an order dated January 4, 2019.

Jan 17, 2019, 00:23 AM IST

DSK group cheating case: Bank of Maharashtra CMD among 6 held

In May, the city police had filed a 37,000-page charge-sheet against Kulkarni and his wife in the case.

Jun 20, 2018, 16:51 PM IST

Caught on camera: Robber strikes ATM guard multiple times with hammer, escapes

In a disturbing video, a security guard in Panaji was spotted being hammered by a robber after he tried to to refrain him from escaping.

Oct 29, 2017, 14:09 PM IST

Rate cut to boost credit demand, propel growth, say bankers

EY India Chief Policy Advisor D K Srivastava said transmission of rate cut may be limited due to existence of excess liquidity and lack of private investment demand.

Aug 02, 2017, 20:48 PM IST

Nine out of 21 public sector banks reported losses in FY17

Nine of the 21 public sector banks, including IDBI Bank and Indian Overseas Bank, reported losses during 2016-17, the parliament was informed on Tuesday.

Jul 18, 2017, 15:28 PM IST

SBI Card to have more co-branding with other banks

SBI Card, a subsidiary of State Bank of India, would go for co-branding of credit cards with more other banks which do not have big back-office support, an official said.

Jul 07, 2016, 16:00 PM IST

Bank of Maharashtra to auction Rs 500-crore NPAs in Sept

State-owned Bank of Maharashtra is looking to sell stressed assets worth Rs 500 crore in an auction in September.

Aug 19, 2015, 18:13 PM IST

Bank of Maharashtra eyes Rs 4,000-cr fund raising

State-owned Bank of Maharashtra is looking to raise Rs 4,000 crore during the next five years and 50 per cent of the fund is expected to come from the Centre.

Jul 26, 2015, 13:22 PM IST

Bank of Maharashtra, MUDRA seal pact to finance small business

Under the new scheme, there are three categories of loans, 'Shishu' (loan of up to Rs 50,000), 'Kishor' (loan above Rs 50,000 up to Rs 5 lakh) and 'Tarun' (above Rs 5 lakh and up to Rs 10 lakh), that will be sanctioned and disbursed by banks, it said.

Jun 28, 2015, 17:23 PM IST

Bank of Maharashtra cuts base rate by 25 bps to 10%

State-run Bank of Maharashtra on Friday trimmed its base rate by 25 basis points to 10 percent, effective Monday, following its larger peers, which will bring down the cost of home, car and retail loans.

May 29, 2015, 17:31 PM IST

Bank of Maharashtra Q4 profit jumps two-fold to Rs 113cr

The scrip ended 1.74 percent up at Rs 37.90 on BSE.

May 14, 2015, 18:42 PM IST

RBI slaps Rs 4.5 crore penalty on Dena Bank, OBC, Bank of Maharashtra

RBI on Wednesday slappeds Rs 4.5 crore penalty on Dena Bank, OBC and Bank of Maharashtra for violation of KYC norms.

Apr 29, 2015, 20:07 PM IST

CBI registers two cases against AGM of Bank of Maharashtra

CBI has registered two separate cases against an Assistant General Manager of Bank of Maharashtra for allegedly causing a cumulative loss of nearly Rs 55 crore by extending credit against properties evaluated at highly inflated rates.

Feb 11, 2015, 23:41 PM IST

Bank of Maharashtra raises Rs 1,000 crore from bonds

State-owned Bank of Maharashtra (BoM) Monday raised Rs 1,000 crore from bonds to funds business growth.

Jan 12, 2015, 19:38 PM IST