Bank of Maharashtra Share Price
Bank Of Maharashtra
Performance of Bank of Maharashtra Shares 
Open Price
Prev. Close
Volume
Value
About Bank of Maharashtra
Financial services, including retail loans, personal banking, and cash management, are provided by the Bank of Maharashtra, a PSB in the Indian state of Maharashtra. With them, you may open a checking account, a savings account, a loan for a car, a loan for a boat, or Investment capital, working capital, foreign currency, export financing, and credit to small and medium-sized enterprises all benefit from global banking.
The branch network has specialist locations for Foreign Exchange, Government Business Treasury and International Banking, Industrial Finance MSME and Hi-tech Agriculture Pension Payment etc. The Bank's wholly-owned subsidiary, The Maharashtra Executor & Trustee Company Pvt Ltd, handles the administration and execution of wills and the management of public and private trusts.
They also backed three regional rural banks with headquarters in Aurangabad, Thane, and Nanded: the Jalna Gramin Bank of Aurangabad, the Gramin Bank of Thane, and the Marathwada Gramin Bank.
The Bank of Maharashtra opened for operation on February 8, 1936, after being formally established on September 16, 1935, and incorporated as a wholly owned subsidiary of the Bank on April 10th, 1946, The Maharashtra Executor & Trustee Company Pvt Ltd.
The Bank of Maharashtra and 13 other financial institutions were nationalized in the tumultuous month of July 1969. The Bank had tremendous growth after nationalization. Because of the Bank's independence from the government, it has expanded its services and streamlined its processes since 1998. The Bank of Maharashtra Dena Bank, NextStep Infotech P. Ltd. (NSIPL), and the Magic Software Enterprises (MSE) Israel team formed a joint company called Magic eMoney Ltd (MeM) in the year 2000 to handle departmental projects. The Bank had its initial public offering in 2003–2004, pricing 10 billion shares at Rs 10 apiece at a premium of Rs 13, for a total of Rs 230 billion.
Subscribers flocked to this issue, increasing the print run by more than 11 times its original size. They also upgraded ten extension counters to full-fledged branches and launched 34 new branches. During 2004–2005, the Bank established 14 new branches and two extension counters and converted one extension counter into a full-fledged branch. The sixth Holiday Home, located near Shirdi, joined the five already in operation. The Bank has invested $9 million into the EXIM Bank-backed non-banking financing firm Global Trade Finance Pvt Ltd. The Bank and the Life Insurance Corporation of India entered a Memorandum of Understanding to market LICL's insurance products in January 2006.
Western Union Financial Services Inc. also helped them roll out a plan to facilitate money transfers to non-resident Indians and other international account holders. The Bank has contracted with Weizmann Forex Ltd, the principal agent of Western Union Financial Services Inc., for this purpose. There were 29 new branches established by the Bank in 2006–07, with another 16 extension counters being converted into full-fledged branches. Over the course of the year, they went from having 145 ATMs on their network to having 302 ATMs, and they partnered with VISA to issue debit cards. The Bank has established its own Pune Data Center and a Hyderabad Disaster Recovery (DR) facility.
Also, six IT Labs were set up in Delhi, Kolkata, Chennai, Hyderabad, Bangalore, and Lucknow to accommodate the CBS project's significant training need. Throughout the year, the bank introduced several new programs, such as the Mahalaxmi Term Deposit Scheme (a three-year term deposit program), the Mahadeep Scheme (which finances solar water heating systems), and the Insta Remit Scheme (which uses RTGS technology to facilitate instant fund transfers).
To distribute its non-life insurance products, it partnered with United Insurance Company Ltd in May of 2006. For bank account holders of all varieties, the Bank introduced the Maha Suraksha Deposit Scheme in 2007–08, and for those who had taken out a house loan, they introduced the Maha Grih Suraksha. Additionally, they engaged in distribution agreements with fifteen other Asset Management firms throughout the year. Do you want to know about Bank of Maharashtra Shares? Click Here to know about today’s Bank of Maharashtra Share Price.
The branch network has specialist locations for Foreign Exchange, Government Business Treasury and International Banking, Industrial Finance MSME and Hi-tech Agriculture Pension Payment etc. The Bank's wholly-owned subsidiary, The Maharashtra Executor & Trustee Company Pvt Ltd, handles the administration and execution of wills and the management of public and private trusts.
They also backed three regional rural banks with headquarters in Aurangabad, Thane, and Nanded: the Jalna Gramin Bank of Aurangabad, the Gramin Bank of Thane, and the Marathwada Gramin Bank.
The Bank of Maharashtra opened for operation on February 8, 1936, after being formally established on September 16, 1935, and incorporated as a wholly owned subsidiary of the Bank on April 10th, 1946, The Maharashtra Executor & Trustee Company Pvt Ltd.
The Bank of Maharashtra and 13 other financial institutions were nationalized in the tumultuous month of July 1969. The Bank had tremendous growth after nationalization. Because of the Bank's independence from the government, it has expanded its services and streamlined its processes since 1998. The Bank of Maharashtra Dena Bank, NextStep Infotech P. Ltd. (NSIPL), and the Magic Software Enterprises (MSE) Israel team formed a joint company called Magic eMoney Ltd (MeM) in the year 2000 to handle departmental projects. The Bank had its initial public offering in 2003–2004, pricing 10 billion shares at Rs 10 apiece at a premium of Rs 13, for a total of Rs 230 billion.
Subscribers flocked to this issue, increasing the print run by more than 11 times its original size. They also upgraded ten extension counters to full-fledged branches and launched 34 new branches. During 2004–2005, the Bank established 14 new branches and two extension counters and converted one extension counter into a full-fledged branch. The sixth Holiday Home, located near Shirdi, joined the five already in operation. The Bank has invested $9 million into the EXIM Bank-backed non-banking financing firm Global Trade Finance Pvt Ltd. The Bank and the Life Insurance Corporation of India entered a Memorandum of Understanding to market LICL's insurance products in January 2006.
Western Union Financial Services Inc. also helped them roll out a plan to facilitate money transfers to non-resident Indians and other international account holders. The Bank has contracted with Weizmann Forex Ltd, the principal agent of Western Union Financial Services Inc., for this purpose. There were 29 new branches established by the Bank in 2006–07, with another 16 extension counters being converted into full-fledged branches. Over the course of the year, they went from having 145 ATMs on their network to having 302 ATMs, and they partnered with VISA to issue debit cards. The Bank has established its own Pune Data Center and a Hyderabad Disaster Recovery (DR) facility.
Also, six IT Labs were set up in Delhi, Kolkata, Chennai, Hyderabad, Bangalore, and Lucknow to accommodate the CBS project's significant training need. Throughout the year, the bank introduced several new programs, such as the Mahalaxmi Term Deposit Scheme (a three-year term deposit program), the Mahadeep Scheme (which finances solar water heating systems), and the Insta Remit Scheme (which uses RTGS technology to facilitate instant fund transfers).
To distribute its non-life insurance products, it partnered with United Insurance Company Ltd in May of 2006. For bank account holders of all varieties, the Bank introduced the Maha Suraksha Deposit Scheme in 2007–08, and for those who had taken out a house loan, they introduced the Maha Grih Suraksha. Additionally, they engaged in distribution agreements with fifteen other Asset Management firms throughout the year. Do you want to know about Bank of Maharashtra Shares? Click Here to know about today’s Bank of Maharashtra Share Price.
Fundamentals of Bank of Maharashtra Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 16570.48 Cr |
0.00 |
0.64 |
13.66 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
-20.09 % |
1.71 |
0.00 % |
20.90 |
Similar Stocks
FAQ’s
How to buy Bank Of Maharashtra shares?
All you have to do to buy Bank Of Maharashtra share is download Nuuu app, create a demat account, and get your KYC documents verified online.
Can I buy Bank Of Maharashtra shares?
Yes you can buy Bank Of Maharashtra shares, all you need is to have a verified demat account with Nuuu. And enjoy benefits like free brokerage credits and more.
What is the Market Cap of Bank Of Maharashtra shares?
As of 31 Mar`23 the Market Cap of Bank Of Maharashtra is 16570.48.
What is the PE and PB ratio of Bank Of Maharashtra stock?
As of 31 Mar`23 the PE is 0.00 and PB is 0.64.
Bank of Maharashtra - Quaterly Results
Publish Date: 17/10/2022
The company witnessed a 18.95% growth in the revenue at Rs. 38150.60 millions for the quarter ended September 2022 as compared to Rs. 32072.80 millions during the year-ago period.The Total revenue for the quarter ended September 2022 of Rs. 5350.60 millions grew by 102.93% from Rs. 2636.70 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 38150.60 | 32072.80 | 18.95 | 72725.30 | 63108.30 | 15.24 | 130192.20 | 118685.40 | 9.70 |
| Other Income | 5023.00 | 8319.20 | -39.62 | 8191.50 | 15190.90 | -46.08 | 26524.80 | 26276.70 | 0.94 |
| Interest Expended | 19280.30 | 17077.10 | 12.90 | 36997.90 | 34053.40 | 8.65 | 69748.20 | 69710.70 | 0.05 |
| Operating Expenses | 9274.60 | 9274.60 | -0.45 | 17282.60 | 19181.80 | -9.90 | 38490.10 | 35650.60 | 7.96 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 5792.70 | 9376.60 | -38.22 | 11276.80 | 16907.60 | -33.30 | 28922.70 | 30059.50 | -3.78 |
| Tax | 3475.40 | 1984.80 | 75.10 | 5489.90 | 3439.60 | 59.61 | 8040.60 | 4038.80 | 99.08 |
| PAT | 5350.60 | 2636.70 | 102.93 | 9869.60 | 4716.80 | 109.24 | 11515.40 | 5502.50 | 109.28 |
| Equity | 67305.00 | 67305.00 | 0.00 | 67305.00 | 67305.00 | 0.00 | 67305.00 | 65601.60 | 2.60 |
| OPM | 38.32 | 43.64 | -12.20 | 36.63 | 39.72 | -7.78 | 37.24 | 33.37 | 11.60 |
Bank of Maharashtra - Quaterly Results
Publish Date: 17/10/2022
The Revenue for the quarter ended September 2022 of Rs. 38150.60 millions grew by 18.95 % from Rs. 32072.80 millions.The Net Profit of the company vaulted to 102.93% to Rs. 5350.60 millions from Rs. 2636.70 millions in the previous quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 38150.60 | 32072.80 | 18.95 | 72725.30 | 63108.30 | 15.24 | 130192.20 | 118685.40 | 9.70 |
| Other Income | 5023.00 | 8319.20 | -39.62 | 8191.50 | 15190.90 | -46.08 | 26524.80 | 26276.70 | 0.94 |
| Interest Expended | 19280.30 | 17077.10 | 12.90 | 36997.90 | 34053.40 | 8.65 | 69748.20 | 69710.70 | 0.05 |
| Operating Expenses | 9274.60 | 9274.60 | -0.45 | 17282.60 | 19181.80 | -9.90 | 38490.10 | 35650.60 | 7.96 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 5792.70 | 9376.60 | -38.22 | 11276.80 | 16907.60 | -33.30 | 28922.70 | 30059.50 | -3.78 |
| Tax | 3475.40 | 1984.80 | 75.10 | 5489.90 | 3439.60 | 59.61 | 8040.60 | 4038.80 | 99.08 |
| PAT | 5350.60 | 2636.70 | 102.93 | 9869.60 | 4716.80 | 109.24 | 11515.40 | 5502.50 | 109.28 |
| Equity | 67305.00 | 67305.00 | 0.00 | 67305.00 | 67305.00 | 0.00 | 67305.00 | 65601.60 | 2.60 |
| OPM | 38.32 | 43.64 | -12.20 | 36.63 | 39.72 | -7.78 | 37.24 | 33.37 | 11.60 |
Bank of Maharashtra - Quaterly Results
Publish Date: 17/10/2022
The Revenue for the quarter ended September 2022 of Rs. 38150.60 millions grew by 18.95 % from Rs. 32072.80 millions.The Net Profit of the company vaulted to 102.93% to Rs. 5350.60 millions from Rs. 2636.70 millions in the previous quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 38150.60 | 32072.80 | 18.95 | 72725.30 | 63108.30 | 15.24 | 130192.20 | 118685.40 | 9.70 |
| Other Income | 5023.00 | 8319.20 | -39.62 | 8191.50 | 15190.90 | -46.08 | 26524.80 | 26276.70 | 0.94 |
| Interest Expended | 19280.30 | 17077.10 | 12.90 | 36997.90 | 34053.40 | 8.65 | 69748.20 | 69710.70 | 0.05 |
| Operating Expenses | 9274.60 | 9274.60 | -0.45 | 17282.60 | 19181.80 | -9.90 | 38490.10 | 35650.60 | 7.96 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 5792.70 | 9376.60 | -38.22 | 11276.80 | 16907.60 | -33.30 | 28922.70 | 30059.50 | -3.78 |
| Tax | 3475.40 | 1984.80 | 75.10 | 5489.90 | 3439.60 | 59.61 | 8040.60 | 4038.80 | 99.08 |
| PAT | 5350.60 | 2636.70 | 102.93 | 9869.60 | 4716.80 | 109.24 | 11515.40 | 5502.50 | 109.28 |
| Equity | 67305.00 | 67305.00 | 0.00 | 67305.00 | 67305.00 | 0.00 | 67305.00 | 65601.60 | 2.60 |
| OPM | 38.32 | 43.64 | -12.20 | 36.63 | 39.72 | -7.78 | 37.24 | 33.37 | 11.60 |
Bank of Maharashtra - Quaterly Results
Publish Date: 16/01/2023
A decent increase of about 25.81% in the sales to Rs. 41290.40 millions was observed for the quarter ended December 2022. The sales figure stood at Rs. 32820.80 millions during the year-ago period.Net Profit for the quarter ended December 2022 zoomed to 138.74% from Rs. 3246.30 millions to Rs. 7750.30 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 41290.40 | 32820.80 | 25.81 | 114015.70 | 95929.10 | 18.85 | 130192.20 | 118685.40 | 9.70 |
| Other Income | 6407.40 | 6111.50 | 4.84 | 14598.90 | 21302.40 | -31.47 | 26524.80 | 26276.70 | 0.94 |
| Interest Expended | 21494.20 | 17551.90 | 22.46 | 58492.10 | 51605.30 | 13.35 | 69748.20 | 69710.70 | 0.05 |
| Operating Expenses | 10400.70 | 10400.70 | 6.61 | 27683.30 | 28937.50 | -4.33 | 38490.10 | 35650.60 | 7.96 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 5819.00 | 8361.30 | -30.41 | 17095.80 | 25268.90 | -32.34 | 28922.70 | 30059.50 | -3.78 |
| Tax | 2233.60 | 17.10 | 12961.99 | 7723.50 | 3456.70 | 123.44 | 8040.60 | 4038.80 | 99.08 |
| PAT | 7750.30 | 3246.30 | 138.74 | 17619.90 | 7963.10 | 121.27 | 11515.40 | 5502.50 | 109.28 |
| Equity | 67305.00 | 67305.00 | 0.00 | 67305.00 | 67305.00 | 0.00 | 67305.00 | 65601.60 | 2.60 |
| OPM | 38.27 | 35.42 | 8.06 | 37.22 | 38.25 | -2.68 | 37.24 | 33.37 | 11.60 |
Bank of Maharashtra - Quaterly Results
Publish Date: 16/01/2023
A decent increase of about 25.81% in the sales to Rs. 41290.40 millions was observed for the quarter ended December 2022. The sales figure stood at Rs. 32820.80 millions during the year-ago period.The Net Profit of the company reported a remarkable increase of 138.74% to Rs. 7750.30 millions from Rs. 3246.30 millions in previous same quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 41290.40 | 32820.80 | 25.81 | 114015.70 | 95929.10 | 18.85 | 130192.20 | 118685.40 | 9.70 |
| Other Income | 6407.40 | 6111.50 | 4.84 | 14598.90 | 21302.40 | -31.47 | 26524.80 | 26276.70 | 0.94 |
| Interest Expended | 21494.20 | 17551.90 | 22.46 | 58492.10 | 51605.30 | 13.35 | 69748.20 | 69710.70 | 0.05 |
| Operating Expenses | 10400.70 | 10400.70 | 6.61 | 27683.30 | 28937.50 | -4.33 | 38490.10 | 35650.60 | 7.96 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 5819.00 | 8361.30 | -30.41 | 17095.80 | 25268.90 | -32.34 | 28922.70 | 30059.50 | -3.78 |
| Tax | 2233.60 | 17.10 | 12961.99 | 7723.50 | 3456.70 | 123.44 | 8040.60 | 4038.80 | 99.08 |
| PAT | 7750.30 | 3246.30 | 138.74 | 17619.90 | 7963.10 | 121.27 | 11515.40 | 5502.50 | 109.28 |
| Equity | 67305.00 | 67305.00 | 0.00 | 67305.00 | 67305.00 | 0.00 | 67305.00 | 65601.60 | 2.60 |
| OPM | 38.27 | 35.42 | 8.06 | 37.22 | 38.25 | -2.68 | 37.24 | 33.37 | 11.60 |
Bank of Maharashtra - Quaterly Results
Publish Date: 16/01/2023
A decent increase of about 25.81% in the sales to Rs. 41290.40 millions was observed for the quarter ended December 2022. The sales figure stood at Rs. 32820.80 millions during the year-ago period.The Net Profit of the company reported a remarkable increase of 138.74% to Rs. 7750.30 millions from Rs. 3246.30 millions in previous same quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 41290.40 | 32820.80 | 25.81 | 114015.70 | 95929.10 | 18.85 | 130192.20 | 118685.40 | 9.70 |
| Other Income | 6407.40 | 6111.50 | 4.84 | 14598.90 | 21302.40 | -31.47 | 26524.80 | 26276.70 | 0.94 |
| Interest Expended | 21494.20 | 17551.90 | 22.46 | 58492.10 | 51605.30 | 13.35 | 69748.20 | 69710.70 | 0.05 |
| Operating Expenses | 10400.70 | 10400.70 | 6.61 | 27683.30 | 28937.50 | -4.33 | 38490.10 | 35650.60 | 7.96 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 5819.00 | 8361.30 | -30.41 | 17095.80 | 25268.90 | -32.34 | 28922.70 | 30059.50 | -3.78 |
| Tax | 2233.60 | 17.10 | 12961.99 | 7723.50 | 3456.70 | 123.44 | 8040.60 | 4038.80 | 99.08 |
| PAT | 7750.30 | 3246.30 | 138.74 | 17619.90 | 7963.10 | 121.27 | 11515.40 | 5502.50 | 109.28 |
| Equity | 67305.00 | 67305.00 | 0.00 | 67305.00 | 67305.00 | 0.00 | 67305.00 | 65601.60 | 2.60 |
| OPM | 38.27 | 35.42 | 8.06 | 37.22 | 38.25 | -2.68 | 37.24 | 33.37 | 11.60 |
Bank of Maharashtra informs about allotment
Publish Date: 08/09/2022
Bank of Maharashtra has successfully raised Capital of Rs.710/- Crore (Rupees Seven Hundred Ten Crore only) through private placement of BASEL III Compliant Additional Tier I Bonds. The Bank received total bids of Rs.1088/- crore, out of which Bank accepted bid of Rs.710/- crore (full issue size) at coupon rate of 8.74%.
The above information is a part of company’s filings submitted to BSE.
Bank of Maharashtra surges on cutting interest rate on home loans to 8% as part of festive offer
Publish Date: 17/10/2022
The bank currently offers home loans starting at 8.3 percent
Bank of Maharashtra is currently trading at Rs. 18.70, up by 0.75 points or 4.18% from its previous closing of Rs. 17.95 on the BSE.
The scrip opened at Rs. 18.00 and has touched a high and low of Rs. 19.00 and Rs. 18.00 respectively. So far 1140617 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 22.80 on 21-Oct-2021 and a 52 week low of Rs. 15.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 19.00 and Rs. 17.70 respectively. The current market cap of the company is Rs. 12518.72 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.90% and 5.13% respectively.
Bank of Maharashtra (BoM) has cut interest rate on home loans to 8 percent as part of its festive offer. The bank currently offers home loans starting at 8.3 percent. The rate varies depending on the borrower's credit score.
The Pune-based lender has also slashed interest rate on personal loans to 8.9 percent from the existing 11.35 percent effective from October 17, 2022. The lender has already waived the processing fees for its gold, home, and car loans under the 'Diwali Dhamaka' offer. By introducing this offer, the bank is offering one of the lowest interest rates in retail loans, especially home and personal loans, in the banking industry.
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.
Bank of Maharashtra informs about strike
Publish Date: 18/11/2022
Bank of Maharashtra has informed that, All India Bank Employees Association (AIBEA) and All India Bank of Maharashtra Employees Federation (AIBOMEF) has given a call for one day strike on 19th November, 2022 in support of their various demands and issues. The above strike is at Industry level and not at Bank level issues. Employees of the Bank belonging to above said Associations may participate in the proposed strike. If the strike materializes, the normal functioning of the Bank’s Branches/ Offices is likely to be affected. Bank is taking all necessary steps to minimize the impact of strike so as to provide the normal Banking services to its customers. Consider the above information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
Bank of Maharashtra informs about allotment of bonds
Publish Date: 07/12/2022
Bank of Maharashtra has informed that the Bank has successfully raised Capital of Rs 348 Crore through private placement of BASEL III Compliant Tier II Bonds. The said Bonds will be listed on the Wholesale Debt Market segment of the BSE. This information is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Details of same are enclosed.
The above information is a part of company’s filings submitted to BSE.
Bank of Maharashtra jumps on raising Rs 348 crore through bonds
Publish Date: 08/12/2022
The bonds have a face value of Rs 1 crore each, and will be listed on the Wholesale Debt Market segment of the BSE
Bank of Maharashtra is currently trading at Rs. 29.45, up by 0.70 points or 2.43% from its previous closing of Rs. 28.75 on the BSE.
The scrip opened at Rs. 29.25 and has touched a high and low of Rs. 29.65 and Rs. 28.70 respectively. So far 1956800 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 30.10 on 22-Nov-2022 and a 52 week low of Rs. 15.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 29.65 and Rs. 27.00 respectively. The current market cap of the company is Rs. 19754.01 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.98% and 5.05% respectively.
Bank of Maharashtra has successfully raised capital of Rs 348 crore through private placement of BASEL III Compliant Tier II Bonds. The bonds have a face value of Rs 1 crore each, and will be listed on the Wholesale Debt Market segment of the BSE.
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.
Bank of Maharashtra informs about details of loss of certificate
Publish Date: 12/12/2022
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bank of Maharashtra has informed that the Bank has received information about the loss of Share certificate of following Shareholders through Bank’s RTA on 12th December, 2022. Details of loss of share certificate are enclosed.
The above information is a part of company’s filings submitted to BSE.
Bank of Maharashtra informs about updates on interest rates
Publish Date: 14/12/2022
Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bank of Maharashtra has informed that the Bank has reviewed and revised the Marginal Cost of Funds Based Lending Rate (MCLR), which are attached.
The above information is a part of company’s filings submitted to BSE.
Bank Of Maharashtra informs updates
Publish Date: 03/01/2023
In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, Bank Of Maharashtra has informed that it attached the provisional Key Business Figures Of Bank For Quarter Ended 31.12.2022.
The above information is a part of company’s filings submitted to BSE.
Bank of Maharashtra gains on posting credit growth of 21.81% in Q3FY23
Publish Date: 04/01/2023
The outstanding credit was Rs 1.29 lakh crore at the end of December 31, 2021
Bank Of Maharashtra is currently trading at Rs. 32.25, up by 0.15 points or 0.47% from its previous closing of Rs. 32.10 on the BSE.
The scrip opened at Rs. 32.45 and has touched a high and low of Rs. 33.05 and Rs. 32.20 respectively. So far 872798 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 36.25 on 15-Dec-2022 and a 52 week low of Rs. 15.00 on 25-Jun-2022.
Last one week high and low of the scrip stood at Rs. 33.05 and Rs. 29.50 respectively. The current market cap of the company is Rs. 21604.89 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.98% and 5.05% respectively.
Bank of Maharashtra (BoM) has posted a credit growth of 21.81 per cent to Rs 1.57 lakh crore for the third quarter ended December 2022 (Q3FY23). The outstanding credit was Rs 1.29 lakh crore at the end of December 31, 2021.
The bank's deposits aggregated to about Rs 2.08 lakh crore as of December 31, 2022, registering a growth of 11.69 per cent over Rs 1.86 lakh crore at the end of December 31, 2021. During the quarter, the Current Account Savings Account (CASA) stood at 52.50 per cent of the total deposits.
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.
Bank of Maharashtra zooms on reporting 2-fold jump in Q3 consolidated net profit
Publish Date: 16/01/2023
Total consolidated income of the bank increased by 22.51% to Rs 4770.11 crore for Q3FY23
Bank Of Maharashtra is currently trading at Rs. 33.30, up by 1.60 points or 5.05% from its previous closing of Rs. 31.70 on the BSE.
The scrip opened at Rs. 32.00 and has touched a high and low of Rs. 34.40 and Rs. 31.90 respectively. So far 7874662 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 36.25 on 15-Dec-2022 and a 52 week low of Rs. 15.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 34.40 and Rs. 29.05 respectively. The current market cap of the company is Rs. 22850.04 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.54% and 5.49% respectively.
Bank of Maharashtra has reported results for third quarter ended December 31, 2022 (Q3FY23)
The bank has reported 2- fold jump in its net profit at Rs 775.03 crore for Q3FY23 as compared to Rs 324.63 crore for the corresponding quarter previous year. Total income of the bank increased by 22.51% to Rs 4769.78 crore for the quarter under review as compared to Rs 3893.23 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported 2- fold jump in its net profit at Rs 775.25 crore for the quarter under review as compared to Rs 324.85 crore for the same quarter in the previous year. Total income of the bank increased by 22.51% to Rs 4770.11 crore for the quarter under review as compared to Rs 3893.52 crore for the same quarter in the previous year.
Bank Of Maharashtra informs about interest rates updates
Publish Date: 13/02/2023
Bank Of Maharashtra has informed that the bank has undertaken a review of MCLR and decided to revise the Marginal Cost of Funds Based Lending Rate (MCLR) as details attached.
The above information is a part of company’s filings submitted to BSE.
Bank of Maharashtra rises on launching own private cloud platform
Publish Date: 21/03/2023
This facilitates High-Performance Cloud Capabilities for Digital Infrastructure and hosting applications of the Bank
Bank of Maharashtra is currently trading at Rs. 24.71, up by 0.21 points or 0.86% from its previous closing of Rs. 24.50 on the BSE.
The scrip opened at Rs. 25.35 and has touched a high and low of Rs. 25.35 and Rs. 24.57 respectively. So far 470891 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 36.25 on 15-Dec-2022 and a 52 week low of Rs. 15.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 25.70 and Rs. 23.85 respectively. The current market cap of the company is Rs. 16684.90 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.54% and 5.49% respectively.
Bank of Maharashtra (BoM) has embarked its footprint in adoption of Private Cloud Infrastructure by launching ‘Mahabank Nakshatra’ - Bank’s own Private Cloud Platform. This facilitates High-Performance Cloud Capabilities for Digital Infrastructure and hosting applications of the Bank.
Nakshatra - BoM’s own Private Cloud & Virtualization Technology, is built to host double than the existing applications. It provides super flexibility, scalability, enhanced security and modern infrastructure for hosting of its digital applications. Nakshatra is sized for 2X Computation & 3X storage with all Flash vSAN Storage with NSX-T with higher speed and is augmented to cater bank’s digital journey workload for next 3 years.
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.
Board Meeting
Publish Date: 16/01/2023
Quarterly Results
Board Meeting
Publish Date: 17/10/2022
Quarterly Results
Ex Dividend
Publish Date: 20/06/2022
Rs.0.5000 per share(5%)Dividend
Board Meeting
Publish Date: 25/05/2022
Dividend
Board Meeting
Publish Date: 20/01/2022
Quarterly Results
Board Meeting
Publish Date: 21/10/2021
Quarterly Results
Board Meeting
Publish Date: 22/07/2021
Quarterly Results
Board Meeting
Publish Date: 29/04/2021
Audited Results & Interalia will also consider the proposal of Raising of Capital through Follow-on Public Offer (FPO) / Rights issue / Qualified Institutional Placement (QIP) issue, Preferential issue or any other mode or combination thereof and / or through issue of BASEL III Bonds or such other securities as may be permitted under applicable laws etc., subject to the necessary approvals.
Board Meeting
Publish Date: 19/01/2021
Quarterly Results
Board Meeting
Publish Date: 19/10/2020
Quarterly Results
Board Meeting
Publish Date: 23/07/2020
Quarterly Results
Bank of Maharashtra raises Rs 710 crore from bonds to fund business growth
Publish Date: 07/09/2022
The issue garnered overwhelming response from investors with subscription of 10 times against base issue size of Rs 100 crore
Bank of Maharashtra (BoM) has raised Rs 710 crore from bonds to fund business growth. The fund raised via Basel III compliant Additional Tier 1 (AT1) bonds of Rs 710 crore (including green shoe option of Rs 610 crore) is at a coupon rate of 8.74 per cent.
The issue garnered overwhelming response from investors with subscription of 10 times against base issue size of Rs 100 crore. The capital raised through the AT1 bonds will support the business growth of the bank.
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.
Bank of Maharashtra’s gross advances rise by 28.65% in Q2FY23
Publish Date: 04/10/2022
Total advances of the bank stood at Rs 1,15,236 crore at the end of the September quarter of the previous year
Bank of Maharashtra’s (BoM) gross advances rose by 28.65 per cent to Rs 1,48,246 crore (provisional) in the second quarter ended in September 2022 (Q2FY23). Total advances of the bank stood at Rs 1,15,236 crore at the end of the September quarter of the previous year.
During the quarter, total deposits grew by 7.86 per cent to Rs 1,95,849 crore (provisional) from Rs 1,81,572 crore in the year-ago period. Current account savings account (CASA) as a percentage of total deposits increased to 56.27 per cent (provisional) from 53.91 per cent at the end of the second quarter of the previous year. The total business of the Pune-based bank rose by 15.93 per cent to Rs 3,44,096 crore (provisional) as of September, 2022 as against Rs 2,96,808 crore in the year ago period.
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.
BoM integrates technology platform with new direct tax collection system TIN 2.0
Publish Date: 10/10/2022
TIN 2.0 platform, started on July 1, 2022, is the official portal of the Income Tax Department, Ministry of Finance
Bank of Maharashtra (BoM) has integrated its technology platform with the Income Tax Department's new direct tax collection system TIN 2.0. The Pune-based bank has joined the bandwagon of public sector lenders to go live on Tax Information Network, TIN 2.0 (e-filing).
TIN 2.0 platform, started on July 1, 2022, is the official portal of the Income Tax Department, Ministry of Finance. With this, BoM becomes an integral part of direct tax collection system, and all branches of the bank are now designated to facilitate the tax collection under TIN 2.0 through various channels.
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.
Bank of Maharashtra cuts interest rate on home loans to 8% as part of festive offer
Publish Date: 17/10/2022
The bank currently offers home loans starting at 8.3 percent
Bank of Maharashtra (BoM) has cut interest rate on home loans to 8 percent as part of its festive offer. The bank currently offers home loans starting at 8.3 percent. The rate varies depending on the borrower's credit score.
The Pune-based lender has also slashed interest rate on personal loans to 8.9 percent from the existing 11.35 percent effective from October 17, 2022. The lender has already waived the processing fees for its gold, home, and car loans under the 'Diwali Dhamaka' offer. By introducing this offer, the bank is offering one of the lowest interest rates in retail loans, especially home and personal loans, in the banking industry.
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.
Bank of Maharashtra reports over 2-fold jump in Q2 consolidated net profit
Publish Date: 17/10/2022
Total income of the bank increased by 6.89% to Rs 4317.36 crore for the quarter under review
Bank of Maharashtra has reported results for second quarter ended September 30, 2022.
The bank has reported over two-fold jump in its net profit at Rs 535.06 crore for Q2FY23 as compared to Rs 263.67 crore for the corresponding quarter previous year. Total income of the bank increased by 6.89% to Rs 4317.36 crore for the quarter under review as compared to Rs 4039.2 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported over two-fold jump in its net profit at Rs 535.42 crore for the quarter under review as compared to Rs 263.96 crore for the same quarter in the previous year. Total income of the bank increased by 6.89% to Rs 4,317.71 crore for the quarter under review as compared to Rs 4,039.56 crore for the same quarter in the previous year.
Bank of Maharashtra emerges as top performer among PSU lenders in credit growth in Q2
Publish Date: 14/11/2022
The Pune-headquartered lender recorded a 28.62 per cent increase in gross advances at Rs 1,48,216 crore at the end of September 2022
Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan growth in percentage terms during the second quarter of 2022-23. The Pune-headquartered lender recorded a 28.62 per cent increase in gross advances at Rs 1,48,216 crore at the end of September 2022, according to published quarterly numbers of public sector banks (PSBs).
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.
Bank of Maharashtra raises Rs 348 crore through bonds
Publish Date: 07/12/2022
The bonds have a face value of Rs 1 crore each, and will be listed on the Wholesale Debt Market segment of the BSE
Bank of Maharashtra has successfully raised capital of Rs 348 crore through private placement of BASEL III Compliant Tier II Bonds. The bonds have a face value of Rs 1 crore each, and will be listed on the Wholesale Debt Market segment of the BSE.
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.
Bank of Maharashtra raises Rs 880 crore through bonds
Publish Date: 23/12/2022
The fund raised through the AT1 bonds will support the business growth of the bank
Bank of Maharashtra (BoM) has raised Rs 880 crore through Basel III-compliant Additional Tier 1 (AT1) bonds. The issue, including green shoe option of Rs 680 crore, was subscribed more than four times against base size of Rs 200 crore.
The fund raised through the AT1 bonds will support the business growth of the bank. The AT1 instrument with a coupon rate of 8.74 per cent is perpetual in nature.
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.
Bank of Maharashtra posts credit growth of 21.81% in Q3FY23
Publish Date: 03/01/2023
The outstanding credit was Rs 1.29 lakh crore at the end of December 31, 2021
Bank of Maharashtra (BoM) has posted a credit growth of 21.81 per cent to Rs 1.57 lakh crore for the third quarter ended December 2022 (Q3FY23). The outstanding credit was Rs 1.29 lakh crore at the end of December 31, 2021.
The bank's deposits aggregated to about Rs 2.08 lakh crore as of December 31, 2022, registering a growth of 11.69 per cent over Rs 1.86 lakh crore at the end of December 31, 2021. During the quarter, the Current Account Savings Account (CASA) stood at 52.50 per cent of the total deposits.
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.
Bank of Maharashtra reports 2- fold jump in Q3 consolidated net profit
Publish Date: 16/01/2023
Total consolidated income of the bank increased by 22.51% to Rs 4770.11 crore for Q3FY23
Bank of Maharashtra has reported results for third quarter ended December 31, 2022 (Q3FY23)
The bank has reported 2- fold jump in its net profit at Rs 775.03 crore for Q3FY23 as compared to Rs 324.63 crore for the corresponding quarter previous year. Total income of the bank increased by 22.51% to Rs 4769.78 crore for the quarter under review as compared to Rs 3893.23 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported 2- fold jump in its net profit at Rs 775.25 crore for the quarter under review as compared to Rs 324.85 crore for the same quarter in the previous year. Total income of the bank increased by 22.51% to Rs 4770.11 crore for the quarter under review as compared to Rs 3893.52 crore for the same quarter in the previous year.
BoM planning to raise up to Rs 1,000 crore from QIP to meet MPS norms of Sebi
Publish Date: 17/01/2023
The bank has initiated the process to meet the norms of Securities and Exchange Board of India
Bank of Maharashtra (BoM) is planning to raise up to Rs 1,000 crore from qualified institutions placement (QIP) in the January-March quarter to meet minimum public shareholding (MPS) norms of market regulator Sebi. The bank has initiated the process to meet the norms of Securities and Exchange Board of India (Sebi).
Currently, the government of India holds 90.97 per cent in the bank and the holding is expected to come down to around 85 per cent following share sale. As per the Sebi norms, listed entities are required to have at least 25 per cent public shareholding.
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.
Bank of Maharashtra aiming to achieve total business of Rs 5 lakh crore in next 2 years
Publish Date: 23/01/2023
The total business for the last quarter has increased by around 16 per cent to Rs 3,65,000 crore
Bank of Maharashtra (BoM) is aiming to achieve a total business of Rs 5 lakh crore in the next two years. Both credit and deposits are growing at a healthy pace and with this growth rate the bank is on track to cross a business mix (total advance and deposits) of Rs 5 lakh crore.
The total business for the last quarter has increased by around 16 per cent to Rs 3,65,000 crore and total deposits increased by 12 per cent to Rs 2,08,000 crore, while gross advances increased by 22 per cent to Rs 1,57,000 crore.
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.
BoM emerges as top performer among state-owned lenders in loan growth in Q3FY23
Publish Date: 20/02/2023
The bank has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19 pressures
Bank of Maharashtra (BoM) has been emerged as the top performer among state-owned lenders in terms of loan growth percentage during the third quarter of 2022-23 (Q3FY23). According to the latest quarterly numbers of the public sector banks (PSBs), the Pune-based lender recorded a 21.67 per cent increase in gross advances on a year-on-year basis. The bank has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19 pressures.
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.
Bank of Maharashtra launches own private cloud platform
Publish Date: 20/03/2023
This facilitates High-Performance Cloud Capabilities for Digital Infrastructure and hosting applications of the Bank
Bank of Maharashtra (BoM) has embarked its footprint in adoption of Private Cloud Infrastructure by launching ‘Mahabank Nakshatra’ - Bank’s own Private Cloud Platform. This facilitates High-Performance Cloud Capabilities for Digital Infrastructure and hosting applications of the Bank.
Nakshatra - BoM’s own Private Cloud & Virtualization Technology, is built to host double than the existing applications. It provides super flexibility, scalability, enhanced security and modern infrastructure for hosting of its digital applications. Nakshatra is sized for 2X Computation & 3X storage with all Flash vSAN Storage with NSX-T with higher speed and is augmented to cater bank’s digital journey workload for next 3 years.
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.
Open A Free Demat Account
Sign Up
