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Home loans to get cheaper! Bank of Maharashtra slashes its MCLR rates

Home loans to get cheaper! Bank of Maharashtra slashes its MCLR rates

Fri, Jun 07, 2019

The MCLR is a factor by which a particular bank curates the interest rates that are levied on various loans that they offer their customers. 

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Bank of Maharashtra reduces MCLR by 5 bps - Does that mean your EMIs on home, personal, car loan to get cheaper? Find out!

Bank of Maharashtra reduces MCLR by 5 bps - Does that mean your EMIs on home, personal, car loan to get cheaper? Find out!

Fri, Apr 05, 2019

The bank has now cut their MCLR which is a benchmark for deciding lending rates on home loan, personal loan and vehicle loan.

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Government's bank recap drive not enough for PSBs, Fitch reveals massive amount needed

Government's bank recap drive not enough for PSBs, Fitch reveals massive amount needed

Wed, Feb 27, 2019

In Fitch’s view, the authorities' approach to the banking sector has clearly shifted towards spurring lending in recent months.

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Loan rates fall! Bank of Maharashtra cuts lending rate by 5 bps - RBI repo rate cut impact

Loan rates fall! Bank of Maharashtra cuts lending rate by 5 bps - RBI repo rate cut impact

Thu, Feb 07, 2019

Within hours of the RBI cutting its key rates by 25 bps, state-run Bank of Maharashtra, which is under the PCA framework, Thursday announced a 0.05 percent cut in its marginal cost of funds based lending rate.  

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Exit of BoI, BoM, OBC credit positive: Moody's

Exit of BoI, BoM, OBC credit positive: Moody's

Thu, Feb 07, 2019

"The capital injections helped the banks significantly increase their loan loss coverage and reduced their net NPL ratios below the trigger point for PCA inclusion," Moody's said.

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Ahead of Budget 2019, good news! 3 banks, Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, taken out of RBI's PCA framework

Ahead of Budget 2019, good news! 3 banks, Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, taken out of RBI's PCA framework

Fri, Feb 01, 2019

"In the case of Oriental Bank of Commerce, though the net NPA was 7.15 per cent, as per the published results of  third  quarter, the government has since infused sufficient capital and  bank  has brought the net NPA to less than 6 per cent." 

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Fast Money: These 20 shares will help you earn more today, Jan 02nd, 2019

Fast Money: These 20 shares will help you earn more today, Jan 02nd, 2019

Wed, Jan 02, 2019

In this segment of Zee Business know which shares will help you earn more today, Jan 02nd, 2019. Watch full video for more info.

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Bank of Maharashtra appoints A S Rajeev as MD, CEO

Bank of Maharashtra appoints A S Rajeev as MD, CEO

Sun, Dec 02, 2018

Rajeev is having about three decades of professional experience in three Banks - Syndicate Bank, Vijaya Bank and Indian Bank.

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Did RBI just impose Rs 10 mn penalty on your bank? Check now

Did RBI just impose Rs 10 mn penalty on your bank? Check now

Fri, Sep 07, 2018

These banks were blamed for contravention of instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI.

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Mercator, Exide Industries among key stocks hogging limelight today

Mercator, Exide Industries among key stocks hogging limelight today

Thu, Jun 28, 2018

Automotive battery maker Exide Industries announced signing of a pact with Swiss-based firm Leclanche SA for setting up a joint venture company to build lithium-ion batteries and provide energy storage systems for India's electric vehicle market. 

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Bank of Maharashtra share price hits record low, tanks 7% in a day

Bank of Maharashtra share price hits record low, tanks 7% in a day

Thu, Jun 21, 2018

All the arrested accused have been charged under various provisions of the Indian Penal Code and Prevention of Corruption Act, pertaining to cheating, forgery, criminal conspiracy and breach of trust.

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Bank frauds: ICICI Bank on number 2 spot, see who topped list

Bank frauds: ICICI Bank on number 2 spot, see who topped list

Thu, Mar 29, 2018

Punjab National Bank (PNB) had reported the highest amount of frauds at Rs 2,810 crore in the last financial year, followed by Bank of India at Rs 2,770 crore, State Bank of India at Rs 2,420 crore and Bank of Maharashtra at Rs 2,041 crore. The report comes amid a string of banking frauds recently, including the Rs 13,000-crore PNB scam involving billionaire jeweller Nirav Modi and his uncle Mehul Choksi. 

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Know more about Vikram Kothari and his modus operandi

Know more about Vikram Kothari and his modus operandi

Tue, Feb 20, 2018

Just after PNB reported around Rs 11,300 crore fraudulent transactions by diamond tycoon Nirav Modi, another scam of more than Rs 800 crore by Rotomac MD Vikram Kothari has been unraveled.

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Shares of 6 banks up after govt decides capital infusion of Rs 7,577 crore

Shares of 6 banks up after govt decides capital infusion of Rs 7,577 crore

Thu, Jan 04, 2018

The government has pumped Rs 51,858 crore capital in the PSBs so far, since the Indradhanush road map was announced in 2015.    

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RBI may remove weekly cash withdrawal limits by February-end: Bankers

RBI may remove weekly cash withdrawal limits by February-end: Bankers

Thu, Jan 26, 2017

Bankers have said that the Reserve Bank of India is likely to remove the weekly cash withdrawal limits for banks as well as ATMs by the end of February this year.

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Bank of Baroda, Bank of Maharashtra slash home loan rates across tenors

Bank of Baroda, Bank of Maharashtra slash home loan rates across tenors

Thu, Jan 05, 2017

Following other banks rate cut moves, Bank of Baroda and Bank of Maharashtra have lowered their home loan rates across tenors on Thursday. 

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