The Board of Bank of Maharashtra at its meeting held on 18 July 2024 has accorded approval for raising Long Term Bonds (Infra Bonds) up to an amount of Rs. 10,000 crore in multiple tranches through a public issue or private placement, during FY 24-25.Powered by Capital Market - Live News

Net profit of Bank of Maharashtra rose 46.56% to Rs 1295.09 crore in the quarter ended June 2024 as against Rs 883.67 crore during the previous quarter ended June 2023. Total Operating Income rose 22.68% to Rs 5874.68 crore in the quarter ended June 2024 as against Rs 4788.66 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Total Operating Income5874.684788.66 23 OPM %60.0160.71 - PBDT1344.101087.57 24 PBT1344.101087.57 24 NP1295.09883.67 47 Powered by Capital Market - Live News

Bank of Maharashtra will hold a meeting of the Board of Directors of the Company on 18 July 2024.Powered by Capital Market - Live News

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

Bank of Maharashtra has received total bids of Rs.1793 crorefor its issue of Basel III Compliant Tier 2 Bonds on private placement basis. Further, Bank has accepted bid of Rs.1000 crore (including Base issue of Rs.250 crore and Green shoe option retained upto Rs.750crore) at coupon rate of 7.89%.Powered by Capital Market - Live News