Bank of Maharashtra has received reaffirmation in credit rating for certificate of deposit (Rs 20,000 crore) at CRISIL A1+. Powered by Capital Market - Live News

Bank of Maharashtra has revised the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 19 October 2024 as under:Overnight - 8.20% One months - 8.40% Three months - 8.60%Six months - 8.80% More than six months - 9.05%Powered by Capital Market - Live News

Net profit of Bank of Maharashtra rose 44.89% to Rs 1332.77 crore in the quarter ended September 2024 as against Rs 919.84 crore during the previous quarter ended September 2023. Total Operating Income rose 18.73% to Rs 6017.41 crore in the quarter ended September 2024 as against Rs 5067.96 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income6017.415067.96 19 OPM %63.1357.30 - PBDT1380.26935.72 48 PBT1380.26935.72 48 NP1332.77919.84 45 Powered by Capital Market - Live News

Bank of Maharashtra will hold a meeting of the Board of Directors of the Company on 15 October 2024.Powered by Capital Market - Live News

Bank of Maharashtra has allotted 61,01,81,311 equity shares of face value Rs. 10 each to eligible qualified institutional buyers at the issue price of Rs. 57.36 per equity share (including a premium of Rs. 47.36 per equity share) against the floor price of Rs. 60.37 per equity share, aggregating to Rs. 3499.99 crore. Pursuant to the allotment of equity shares in the Issue, the paid-up equity share capital of the Bank stands increased to Rs. 76915549500 (comprising of equity shares of 7691554950 of Rs. 10 each) from Rs. 70813736390 (comprising of equity shares of 7081373639 of Rs. 10 each). Powered by Capital Market - Live News