Bank of Maharashtra gets nod to raise equity capital up to Rs 205 crore
27th Feb 2019

Bank of Maharashtra has received an approval for raising of equity capital up to Rs 205 crore by way of issue of equity shares of Bank to Government of India (GoI) on preferential basis subject to necessary approvals/ permissions. The Board of Directors of the Bank at its meeting held on February 26, 2019, approved the same.

Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.