Bank of Maharashtra

Bank Of Maharashtra News

Bank of Maharashtra profit soars; to dilute 5% stake

The bank reported a 30% increase in net interest income to Rs 1,980 crore, which aided margin growth.

January 17, 2023 03:40 IST

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Bank of Maharashtra Q3 profit more than doubles to Rs 775 crore

The Pune-based bank had posted a net profit of Rs 325 crore in the same quarter a year ago.

January 16, 2023 19:32 IST

Bank of Maharashtra tops list of PSU lenders in credit growth in Q2

SBI’s total loans were about 17 times higher at Rs 25,47,390 crore as compared to Rs 1,48,216 crore of BoM…

November 13, 2022 12:57 IST

Home loan interest rate cut! Two banks offering cheaper loans than SBI and HDFC this festive season

Amid rising interest rates, two lenders – Bank of India and Bank of Maharashtra – have slashed their home loan…

October 19, 2022 17:04 IST

Lower provisions, higher NII boost Bank of Maharashtra net profit

NII grew 25.84% year-on-year to Rs 1,887 crore. Provisions and contingencies declined 38.22% to Rs 579 crore for the quarter…

October 18, 2022 00:40 IST

bank of maharashtra results 2022, maharashtra bank quarterly results

Bank of Maharashtra Q2 profit doubles to Rs 535 crore on higher interest income

Talking about the financial performance, BoM managing director A S Rajeev said the increase in profit can be attributed to…

October 17, 2022 17:44 IST

Bank of Maharashtra slashes home loan rate to 8 pc in festive offer

The lender has already waived processing fee for its gold, home and car loans under the ‘Diwali Dhamaka’ offer.

October 16, 2022 16:39 IST

Bank of Maharashtra raises lending rate by 20 bps; EMIs to become costlier

The benchmark one-year MCLR will be 7.80 per cent from Monday, as against 7.60 per cent.

October 10, 2022 14:18 IST

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Bank of Maharashtra mobilises Rs 710 cr via bonds

The fund raised via Basel III compliant Additional Tier 1 (AT1) bonds of Rs 710 crore (including green shoe option…

September 7, 2022 17:17 IST

Bank of Maharashtra tops list of PSU lenders in Q1 loan, deposit growth

The Pune-headquartered lender recorded a 27.10 per cent increase in gross advances to Rs 1,40,561 crore at the end of…

August 12, 2022 14:27 IST

Bank of Maharashtra reports 117% increase in Q1 net profit

The Pune-based bank also reported a near 9% increase in its pre-provisioning operating profit in Q1FY23, despite a decline in…

July 19, 2022 02:30 IST

BoB hikes MCLR, BoM cuts the same

The move comes at the time when most banks have been increasing their MCLR after the Reserve Bank of India…

July 12, 2022 00:05 IST

HDFC Bank, Canara, BoM, Karur Vysya raise lending rates

Several banks have hiked the repo linked lending rates following RBI’s out of turn hike in repo rate by 0.40…

May 9, 2022 20:01 IST

NII growth, low provisioning boost Bank of Maharashtra profit

The bank was able to report higher profit despite reduction in the profit on sale of investments.

April 29, 2022 03:00 IST

Steep fall in bad loan provision boosts Bank of Maharashtra net 115% to Rs 355 crore

For the full year to March, the Pune-based lender saw its net profit rising two-fold to Rs 1,152 crore as…

April 28, 2022 18:31 IST

RBI imposes Rs 1.12 crore penalty on Bank of Maharashtra

The penalty has been imposed for violation provisions related to KYC, creation of a Central Repository of Large Common Exposures…

April 25, 2022 19:10 IST

The transaction is expected to be completed by the end of December. (File)

Bank of Maharashtra to divest entire 4% stake in ISARC

The bank’s 4 per cent stake, equivalent to 40,00,000 equity shares, will be sold at Rs 9.80 per share for…

April 7, 2022 16:42 IST

In FY21, the gross advances of the bank stood at Rs 1,07,654 crore and the deposits were worth Rs 1,74,006 crore. (File)

Bank of Maharashtra’s advances grow 27% to Rs 1.36 lakh crore in FY22

Private-sector lender IDFC First Bank said its total deposits rose by 12.6 per cent to Rs 93,138 crore at the…

April 4, 2022 17:06 IST

The AT1 instrument is perpetual in nature with call option after five years. The bank has credit ratings of AA (Stable) for AT1 Bonds from Acuite and Infomerics credit agencies.

Bank of Maharashtra raises Rs 290 crore via AT1 bonds

The issue was subscribed by more than four times. The bank received investor bids of Rs 1,055 crore against a…

March 25, 2022 02:00 IST

Public sector banks see operating profit decline in Q3FY22

The management at PNB attributed the bank’s poor operational performance to the impact of a standstill on bad-loan recognition in…

February 16, 2022 00:30 IST

Bank of Maharashtra tops PSU lenders’ chart for loans, savings deposit growth in Q3

With regard to net NPA, BoM was better at 1.24 per cent while that of SBI was 1.34 per cent…

February 9, 2022 18:48 IST

The bank's gross advances stood at Rs 1,04,904 crore at the end of December 31, 2020. (File)

Bank of Maharashtra gross advances rise to Rs 1.29 lakh crore as on December end

The filing said the figures related to December 31, 2021 are provisional and are subject to review by statutory central…

January 4, 2022 16:22 IST

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