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Bank of Maharashtra to raise capital through various modes
Jul-07-2020

Bank of Maharashtra is considering to raise capital through FPO / Preferential issue or any other mode or combination thereof and / or through issue of BASEL III Bonds or such other securities as may be permitted under applicable laws etc., subject to the necessary approvals. The bank will also issue equity shares to Government of India on preferential basis aggregating to Rs 831 crore received by bank in March, 2020 subject to the necessary approvals.

The Meeting of the Board of Directors of the bank will be held on July 10, 2020 to consider and approved the same.

Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.

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