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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.
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.
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.
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.
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.
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."
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.