Tue, Jan 16, 2024
Total income increased to Rs 5,851 crore during the quarter under review against Rs 4,770 crore in the same period last year, BoM said in a regulatory filing.
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Mon, Jan 15, 2024
The lender's stock has fared well in the last six months. The stock's rise in the last one month is 5.72 per cent, while it has skyrocketed by 56.55 per cent in the last six months.
Wed, Jan 03, 2024
This combined advantage of lower interest rates and waived processing costs in house loans demonstrates the bank's commitment to providing the finest financing options to all of its valued clients and assisting them in meeting their needs, it added.
Mon, Oct 16, 2023
Shares of Bank of Maharashtra (BoM) on Monday climbed over 1 per cent after the company posted a 72 per cent jump in net profit for the September quarter.
Wed, Oct 11, 2023
The hike in deposit rates will encourage individuals and business to save more as there is a sharp increase of 125 bps in deposit rates for the tenure of 46-90 days, it said.
Wed, Oct 04, 2023
Bank of Maharashtra (MAHABANK) shares scaled a 52-week high on October 4 after an operational update from the PSU lender indicated business growth to the tune of 23 per cent in Q2.
Mon, Aug 14, 2023
Starting August 14, 2023, the Bank of Maharashtra's adjusted home loan interest rate will be 8.5 per cent, down from the current rate of 8.6 per cent, the bank said in a release. The interest rate for car loans has been reduced by 20 basis points to 8.7 per cent.
Sun, Aug 13, 2023
State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in loan and deposit growth in percentage terms during the first quarter of the current financial year.
Sun, Aug 06, 2023
Pune-based Bank of Maharashtra posted the highest NIM of 3.86 per cent, followed by Central Bank at 3.62 per cent and Indian Bank at 3.61 per cent during the quarter.
Wed, Jul 19, 2023
Bank of Maharashtra: Earnings lock before results. Results will come, will make you earn
Bank of Maharashtra Q1 results: The lender had posted a profit of Rs 451.9 crore in the year-ago period.
Mon, Jul 03, 2023
State-owned Bank of Maharashtra (BoM) on Monday said it has posted a credit growth of 24.93 per cent at Rs 1.75 lakh crore in the June quarter. The outstanding credit was Rs 1.40 lakh crore at the end of June 30, 2022, BoM said in a regulatory filing.
Fri, Jun 23, 2023
The lender, it said had levied penal charges in certain accounts for late payment of credit card dues though the customers had paid the dues by the due date, through third-party platforms.
Thu, Jun 22, 2023
In an exclusive interaction with Zee Business, Asheesh Pandey talks about how the bank plans to recover loans and also enhance credit growth.
For the first tranche, we thought of Rs 1000 crore — which has been fully subscribed, says Executive Director Asheesh Pandey.
Wed, Jun 21, 2023
State-owned Bank of Maharashtra (BoM) on Tuesday presented a dividend cheque of Rs 795.94 crore for the financial year 2022-23 to Finance Minister Nirmala Sitharaman.
Thu, May 25, 2023
PSU banks loan growth: State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms during 2022-23.
Mon, Apr 24, 2023
Bank of Maharashtra Q4 results: Interest income grew to Rs 4,495 crore during the period under review, from Rs 3,426 crore in the corresponding quarter a year ago.
Bank of Maharashtra has announced a dividend of Rs 1.30 per share or 13 per cent of Rs 10 face value out of the net profits for the year ended March 31, 2023.
Fri, Apr 07, 2023
Visa International Debit Card is new edge contactless card which will work on all tap & pay device, across India and abroad, which can be availed without any joining fees, bank said.
Wed, Apr 05, 2023
The lender registered a 21.28 growth in total business to cross a milestone of Rs 4 lakh crore. At the end of March 2023, the total business (total advances and total deposits) increased to Rs 4.09 lakh crore as against Rs 3.37 lakh crore at the end of the previous fiscal.
Sun, Mar 12, 2023
The home loan at 8.4 per cent makes Bank of Maharashtra it one of the lowest in the banking sector. This would help the public sector bank to get more home loan business and shall also help home loan borrowers to pay reduced EMIs.
Mon, Feb 13, 2023
Bank of Maharashtra’s MCLR hike is in line with the Reserve Bank of India’s rate hike. Last week, the RBI increased the repo rate by 25 basis points to 6.50 per cent.
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