Under the partnership, Vayana Network will provide its unique SCF solutions to Bank of Maharashtra supported by Vayana’s technology and service expertise. The SCF solutions will include vendor and dealer financing programs across bank’s network of 1,870+ branches across the country
State-owned Bank of Maharashtra has reduced its repo linked lending rate (RLLR) by 15 basis points to 6.90 per cent. The lender's retail and MSME loans are linked to RLLR. The new rates are effective from November 7.
State-owned Bank of Maharashtra on Thursday reported 24.69 per cent jump in net profit at Rs 101 crore for June quarter 2020-21 helped by healthy interest income and lower operating cost.
State-owned Bank of Maharashtra on Sunday said it has sanctioned loans worth Rs 2,789 crore to MSME, self-help group, agricultural and retail borrowers to help them meet their liquidity mismatches caused due to coronavirus crisis.
State-run Bank of Maharashtra posted a standalone net profit of Rs135.3cr in the quarter ended December 2019 as against a net loss of Rs3,764.3cr during the quarter ended December 2018. On a quarter-on-quarter basis, the lender had reported a net profit of Rs 115 crore.
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