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  RBI gives approval to Bank of Maharashtra for opening GIFT City Branch

  Business | February 16, 2025 14:02 IST

  This development will help expand international banking business and also enable the bank provide specialised banking services to its customers, BoM MD & CEO Nidhu Saxena said.

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  LIC increases stake in Bank of Maharashtra by 2.05 per cent via QIP, shareholding at 7.1 per cent

  Business | October 06, 2024 12:58 IST

  The LIC had a shareholding of 4.05 per cent before, which has now increased to 7.1 per cent. The latest transaction shows LIC's confidence in the potential growth of there bank.

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  Bank Holidays in December 2023: Banking activities face disruption with strikes, holidays | FULL LIS

  Business | November 21, 2023 20:38 IST

  AIBEA's general secretary, C H Venkatachalam, highlighted rising unemployment from 2019 to 2023 and demanded increased recruitment in banks while opposing the outsourcing of regular jobs.

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  ​Bank of Maharashtra Credit Officers Recruitment 2023 for 100 posts, apply online

  October 24, 2023 14:29 IST

  ​Bank of Maharashtra Credit Officers Recruitment 2023 Notification has been released on the official website. Candidates seeking government jobs can apply online at the official website, bankofmaharashtra.in on or before November 6, 2023. Check eligibility, how to apply and other details.

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  Bank of Maharashtra Recruitment 2023: Apply online for 400 Officer Scale II & III posts from July 13

  July 12, 2023 23:30 IST

  Bank of Maharashtra Recruitment 2023 online application will be started tomorrow, July 13. Check eligibility, educational qualification, selection criteria, and other details.

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  Bank of Maharashtra tops list of PSU lenders in credit growth in Q2

  Business | November 13, 2022 13:49 IST

  As per the analysis, gross NPAs reported by BoM and SBI were 3.40 per cent and 3.52 per cent of their total advances, respectively, in the second quarter.

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  Bank of Maharashtra waives processing fee on gold, home, car loans till September 30

  Business | August 06, 2021 10:07 IST

  The lender is offering housing loans and car loans at an interest rate starting from 6.90 per cent and 7.30 per cent respectively, a release said.

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  Bank of Maharashtra partners with Vayana Network to offer Channel Financing service for MSMEs

  Business | February 18, 2021 14:45 IST

  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

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  Bank of Maharashtra: Loans to get cheaper as lender cuts repo-linked lending rate by 15 bps

  Business | November 09, 2020 14:35 IST

  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.

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  Bank of Maharashtra Q1 profit up 25 pc on higher interest income

  Business | July 23, 2020 21:33 IST

  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.

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  Bank of Maharashtra sanctions Rs 2,789 cr loans to MSMEs, others

  Business | May 24, 2020 17:07 IST

  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.

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  Bank of Maharashtra net profit jumps to Rs 135 cr in December quarter; NII up 36%

  Business | January 21, 2020 13:49 IST

  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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  Bank of Maharashtra customers? Bank has this important message for you

  Business | October 16, 2019 15:33 IST

  Amid ongoing Punjab and Maharashtra Bank (PMC) crisis, rumours on the poor financial health of Bank of Maharashtra has been spreading on WhatsApp. Following which, BoM filed a complaint with Pune police and cyber cell against the circulation of fake news and spreading of rumours on news site and other social media platforms. Bank also issued an important message for its customers.

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  Bank of Maharashtra files police complaint against spreading rumours

  India | October 15, 2019 22:53 IST

  Bank of Maharashtra on Tuesday said it has lodged a complaint with Pune police and cyber cell against the circulation of fake news and spreading of rumours about its financial health on WhatsApp, a news site and other social media platforms.

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  Half a dozen public sector banks cut lending rates by up to 0.25%

  Business | October 10, 2019 19:05 IST

  About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month.  

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  Bank of Maharashtra cuts MCLR by 0.10 pc

  Business | October 10, 2019 14:16 IST

  The benchmark one-year marginal cost of funds based lending rate (MCLR) will now be priced at 8.40 per cent with effect from October 8, 2019, the bank said in a regulatory filing.

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  One killed, 10 hurt as Bank of Maharashtra ceiling slab falls

  India | July 31, 2019 16:20 IST

  According to the investigating officer of Karmala Police Station Shrikant Padule, the incident took place around 11 am when business at the bank was in full swing.

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  Bank of Maharasthra to raise up to Rs 3,000 crore equity capital

  June 27, 2019 21:30 IST

  The decision was taken at the bank's annual general meeting held on June 27, 2019.

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  RBI slaps Rs 1-cr penalty on Bank of Maharashtra over deficiencies in regulatory compliance

  Business | January 17, 2019 9:42 IST

  According to the RBI, the fine was imposed by an order dated January 4, 2019 "for non-compliance with 'Master Directions on Frauds-Classification and Reporting.

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  Bank of Maharashtra closes 51 'nonviable' branches to cut costs

  Business | October 03, 2018 14:43 IST

  All the branches were in urban centres and have been identified for the action as they were declared nonviable and were incurring huge losses, said the official of the Pune-headquartered bank.