Bank Of Maharashtra

Only 39% of crop loan disbursement target met in poll-bound Aurangabad; farmers seek private lenders as banks, political parties play blame game

In May 2019, Maharashtra Chief Minister Devendra Fadnavis okayed a 4.24 lakh crore annual credit plan, which included Rs 87,000-crore credit plan for agriculture. He urged the banks to give maximum loans to farmers by being sensitive in order to achieve the target.

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper

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

Govt appoints former Syndicate Bank executive director SS Mallikarjuna Rao as PNB managing director till September 2021

The government on Tuesday appointed S S Mallikarjuna Rao as managing director of Punjab National Bank in place of Sunil Mehta.

Public sector banks' shares jump up to 10% on Rs 70,000 cr capital infusion announcement

Shares of public sector banks on Monday zoomed up to 10 percent after the government announced upfront capital infusion of Rs 70,000 crore into them

Bank of Maharashtra clocks Rs 81 cr profit in Q1; net bad loans more than halve to 5.98%

State-owned Bank of Maharashtra on Monday reported a net profit of Rs 81.10 crore for the June quarter of 2019-20 financial year as bad assets fell substantially

SBI takes first cue from RBI governor, reduces key lending rates by 5 bps points to 8.40%; home loans to get cheaper

The new rates, effective from Wednesday, is the third reduction by SBI in this financial year

FinMin assessing capital needs of PSU banks; Budget 2019-20 may make provision for Rs 30,000 cr

Five weak banks under the Prompt Corrective Action (PCA) framework of the Reserve Bank of India (RBI) too need capital to maintain minimum regulatory capital ratios as per the Basel III norms.

Bank of Maharashtra reduces one-year MCLR by 10 bps to 8.60% post RBI repo rate cut

A day after the RBI cut the key repo rate, public sector Bank of Maharashtra Friday announced to cut the benchmark one-year MCLR by 0.10 percent to 8.60 percent

NBCC to submit revised bid to acquire Jaypee Infratech by 25 April, complete housing projects

In its earlier resolution plan, NBCC offered 1,400 acre land worth Rs 6,000 crore as well as Yamuna Expressway to lenders.

Bank of Maharashtra to auction assets of Videocon Group's Unity Appliances to recover Rs 154 cr loan

State-owned Bank of Maharashtra (BoM) has put on sale movable and immovable properties of Unity Appliances, a unit of debt-ridden Videocon Group, to recover Rs 153.77 crore loan