Bank Of Maharashtra

Friday, Apr 26, 2024 | Last Update : 10:43 AM IST

IDBI Bank, BoM report rise in interest income

IDBI Bank’s net interest income rose 9 per cent at Rs 1,854 crore for Q2 FY22

22 Oct 2021 7:23 AM

Private lender Kotak Mahindra Bank on Monday posted a mixed set of numbers for the third quarter ended December 31, 2019 with moderation in advance growth and a marginal dip in asset quality.

Kotak’s asset quality slides

BoM reports net profit of Rs 132 crore against loss of Rs 3,766 crore Federal Bank Q3 net rises per cent.

21 Jan 2020 1:09 AM

Banks including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points. (Representational image)

6 public sector banks cut lending rates by up to 0.25 per cent

With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper.

10 Oct 2019 7:03 PM

The other tenors from overnight to six-months have been slashed by equal measure in the range of 8.05-8.30 per cent.

Bank of Maharashtra cuts MCLR by 0.10 per cent

Base rate has been kept unchanged at 9.50 per cent per annum.

10 Oct 2019 1:35 PM

The bank is passing interest rate benefits directly to the customers and it will make the retail loans cheaper.

Bank of Maharashtra to link retail loans with repo rate

The bank has already linked the housing loan interest rate with repo rate.

26 Aug 2019 11:11 AM

The Pune-based BoM reduced its one-year marginal cost of funds based lending rate (MCLR) to which most of the bank lending rates are linked, to 8.70 per cent from 8.75.

Bank of Maharashtra lowers lending rates by a nominal 5 basis points

RBI had cut repo rate to 6 pc from 6.25 citing need to support growth in bi-monthly monetary policy announced on Thursday.

06 Apr 2019 11:46 AM

Former Maharashtra Chief Minister Manohar Joshi's Kohinoor Education Trust owes nearly Rs 16 crore to Bank of Maharashtra, Rs 38.63 crore to State Bank of India and Rs 13.18 crore to Bank of India.

Banks threaten to sell ex-CM Joshi's edu trust properties for default

The lender has asked the borrower and corporate guarantors to repay the amount within 60 days.

18 Mar 2019 6:19 PM

Court accepts report seeking discharge of 3 ex BoM officials

The EOW had filed the closure report in October last year saying it did not find sufficient evidence against officials and sought their discharge.

23 Jan 2019 2:14 AM

Pune Police's EOW in June last year had arrested Marathe and other officials on charges of misusing their official position for sanctioning loan to Kulkarni's construction firm - D S Kulkarni Developers Ltd. (Photo: File)

Court accepts police report for discharge of 3 bank officials in DSK case

The police had earlier said the officials allegedly colluded with DSKDL with ‘dishonest and fraudulent intention’ to sanction the loan.

22 Jan 2019 1:26 PM

‘No proof against Maha bank officials’

The police also informed the court that the officers should be discharged from the cheating case registered against city-based developer DS Kulkarni.

21 Oct 2018 2:24 AM

The Reserve Bank of India has imposed a monetary penalty of Rs 1 crore each on the Union Bank of India, Bank of India and Bank of Maharashtra for failing to detect and report fraud in certain accounts on time.

3 banks fined by Reserve Bank of India for delay in fraud detection

The RBI, in three separate releases, said it has imposed a penalty of Rs 1 crore each on three state-run banks.

09 Sep 2018 2:40 PM

DSK accused of duping investors to Rs 2,091cr

Four Bank of Maharashtra officials were arrested by police for availing loan to DSK.

14 Aug 2018 2:27 AM

The agency has registered a case under sections related to criminal conspiracy, misappropriation and criminal misconduct of the Indian Penal Code (IPC) and Prevention of Corruption Act.

CBI probes Bank of Maharashtra Rs 2.56 crore siphoning

The funds were transferred from the bank’s branches at Hadapsar, Lasurne and Talegaon.

16 Jul 2018 2:35 AM

DSK fraud: Accused bank CEO hospitalised post arrest

The official was arrested for forging documents using his position.

22 Jun 2018 2:00 AM

The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Police arrests CEO, director of Bank of Maharashtra over loan frauds

State-run banks have reported 8,670 cases of fraudulent loans totalling 612.6 billion rupees over five financial years.

21 Jun 2018 11:15 AM

Banks under RBI watch to hasten recovery: Piyush Goyal

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

18 May 2018 12:45 AM

The company's stock surged 8.05 per cent to end at Rs 14.63 on BSE.

Bank of Maharashtra shares surge 8 pc as Q4 net loss narrows

The company's market valuation moved up by Rs 283.54 crore to Rs 3,801.54 crore.

04 May 2018 6:03 PM

The Pune-based Bank of Maharashtra stock closed unchanged at Rs 27.75 on BSE. (Repreentational Image)

Bank of Maharashtra cuts MCLR rates by 0.05-0.15 per cent from monday

Base rate remains unchanged at 9.70 per cent per annum, Bank of Maharashtra said in a regulatory filing.

07 Aug 2017 8:02 PM

Net NPAs were Rs 11,259.04 crore against Rs 8,609.44 crore during the two comparable periods. (Representational Image)

BoM Q1 net loss widens to Rs 412 crore as NPAs soar

Total income of the bank fell to Rs 3,209.84 crore in the three months to June of 2017-18.

31 Jul 2017 7:48 PM

The PCA is a framework devised by the RBI that monitors key areas like capital, asset quality and profitability of banks.

RBI initiates PCA against BoM as NPA mounts

For the year ended March 2017, the net non-performing assets (NPAs) of the bank rose to 11.76 per cent.

17 Jun 2017 6:51 PM

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Sunil Gatade

Bank of Maharashtra