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Bank of Maharashtra

Bank of Maharashtra cuts retail loan interest rate by 25 bps

Bank of Maharashtra cuts retail loan interest rate by 25 bps

Sun, Feb 23, 2025

After a gap of 5 years, RBI reduced the repo rate, the rate at which banks borrow from the central bank, by 25 basis points to 6.25 per cent on February 7.

SBI 444-day Special FD vs Bank of Maharashtra 777-day Special FD: What will general and senior citizens get on Rs 7.50 lakh and Rs 15 lakh investments in fixed deposit schemes

SBI 444-day Special FD vs Bank of Maharashtra 777-day Special FD:...

Wed, Oct 16, 2024

SBI 444-day FD vs Bank of Maharashtra 777-day FD Calculator: The interest rate for general citizens in the SBI Amrit Vrishti scheme is 7.25 per cent. The special FD guaranteed return scheme is available till March 2025.

Bank of Maharashtra Q2 Results: State-owned BoM's profit surges 44% to Rs 1,327 crore

Bank of Maharashtra Q2 Results: State-owned BoM's profit sur...

Tue, Oct 15, 2024

Bank of Maharashtra Q2 Results: State-owned Bank of Maharashtra (BoM) on Tuesday posted a 44 per cent jump in its profit at Rs 1,327 crore in the second quarter ended September 2024 on account of improvement in interest income.

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Bank of Maharashtra reports 19% loan growth in Q2

Bank of Maharashtra reports 19% loan growth in Q2

Thu, Oct 10, 2024

The lender reported a 15.4 per cent increase in total deposits to Rs 2.76 lakh crore against Rs 2.39 lakh crore at the end of the second quarter of the previous financial year.

RBI slaps penalty on Bank of Maharashtra

RBI slaps penalty on Bank of Maharashtra

Fri, Aug 16, 2024

The Reserve Bank of India (RBI) has slapped a monetary penalty on Bank of Maharashtra.

Bank of Maharashtra's net profit surges to Rs 1,293 crore in Q1 FY 25

Bank of Maharashtra's net profit surges to Rs 1,293 crore in...

Mon, Jul 15, 2024

This expansion was largely driven by a 9.43 per cent rise in total deposits, which amounted to Rs 2,67,416 crore, and an 18.99 per cent boost in gross advances, reaching Rs 2,09,031 crore.

Bank of Maharashtra pays Rs 857 crore dividend to government

Bank of Maharashtra pays Rs 857 crore dividend to government

Fri, Jun 21, 2024

The cheque was handed over by BoM managing director Nidhu Saxena and executive director Asheesh Pandey in the presence of Financial Services Secretary Vivek Joshi.

Ahead of Lok Sabha election results, Ambareesh Baliga is bullish on this multibagger PSU stock

Ahead of Lok Sabha election results, Ambareesh Baliga is bullish...

Tue, May 28, 2024

In a year, the PSU stock has rewarded its investors with a return of more than 140 per cent and almost 51 per cent in 2024 alone so far, as against gains of around 11 per cent and two per cent in the Nifty Bank index.

Bank of Maharashtra records highest business growth rate among PSU banks in FY24

Bank of Maharashtra records highest business growth rate among PS...

Sun, May 19, 2024

Similarly, BoM continued to maintain its top spot in terms of growth in deposit mobilisation, with a 15.66 per cent rise in FY24. It was followed by SBI (11.07 per cent), Bank of India (11.05 per cent) and Canara Bank (10.98 per cent).

Bank of Maharashtra Q4 results: Profit jumps 45% to Rs 1,218 crore

Bank of Maharashtra Q4 results: Profit jumps 45% to Rs 1,218 cror...

Fri, Apr 26, 2024

Bank of Maharashtra Q4 results: State-owned Bank of Maharashtra (BoM) on Friday reported a 45 per cent jump in its net profit to Rs 1,218 crore for the March quarter, helped by a decline in bad loans and a rise in interest income.

Bank of Maharashtra launches ‘Mahashakti’ - a women cancer coverage program powered by ManipalCigna Health Insurance

Bank of Maharashtra launches ‘Mahashakti’ - a women cancer covera...

Tue, Mar 12, 2024

As per the company, several studies have shown that India has witnessed a significant increase in the incidence of women's cancer, including breast, ovarian, and cervical cancer due to factors such as lifestyle changes, environmental factors, and genetic predisposition that contribute to the rising prevalence of these diseases. Moreover, with the cost of cancer treatment rising, it places immense financial strain on individuals and families.

Bank of Maharashtra records highest growth in deposit mobilisation among PSU banks in Q3

Bank of Maharashtra records highest growth in deposit mobilisatio...

Sun, Feb 04, 2024

The Pune-based lender BoM reported a 17.89 per cent growth in deposits followed by SBI at 12.84 per cent during the quarter, according to published quarterly numbers of the public sector banks (PSBs).

Bank of Maharashtra Q3 result: Profit jumps 34% to Rs 1,036 crore

Bank of Maharashtra Q3 result: Profit jumps 34% to Rs 1,036 crore...

Tue, Jan 16, 2024

Total income increased to Rs 5,851 crore during the quarter under review against Rs 4,770 crore in the same period last year, BoM said in a regulatory filing.

Bank of Maharashtra jumps by nearly 4%; sees 56% rise in six months

Bank of Maharashtra jumps by nearly 4%; sees 56% rise in six mont...

Mon, Jan 15, 2024

The lender's stock has fared well in the last six months. The stock's rise in the last one month is 5.72 per cent, while it has skyrocketed by 56.55 per cent in the last six months.

Bank of Maharashtra cuts home loan rate by 15 bps to 8.35%, stock jumps over 4.2%

Bank of Maharashtra cuts home loan rate by 15 bps to 8.35%, stock...

Wed, Jan 03, 2024

This combined advantage of lower interest rates and waived processing costs in house loans demonstrates the bank's commitment to providing the finest financing options to all of its valued clients and assisting them in meeting their needs, it added.

Bank of Maharashtra shares climb over 1% after Q2 performance

Bank of Maharashtra shares climb over 1% after Q2 performance

Mon, Oct 16, 2023

Shares of Bank of Maharashtra (BoM) on Monday climbed over 1 per cent after the company posted a 72 per cent jump in net profit for the September quarter.

Bank of Maharashtra hikes deposit rates up to 125 bps

Bank of Maharashtra hikes deposit rates up to 125 bps

Wed, Oct 11, 2023

The hike in deposit rates will encourage individuals and business to save more as there is a sharp increase of 125 bps in deposit rates for the tenure of 46-90 days, it said.

Bank of Maharashtra shares surge to 52-week high on strong Q2 update

Bank of Maharashtra shares surge to 52-week high on strong Q2 upd...

Wed, Oct 04, 2023

Bank of Maharashtra (MAHABANK) shares scaled a 52-week high on October 4 after an operational update from the PSU lender indicated business growth to the tune of 23 per cent in Q2.

Bank of Maharashtra cuts interest rate for home, car loans: Check new interest rates

Bank of Maharashtra cuts interest rate for home, car loans: Check...

Mon, Aug 14, 2023

Starting August 14, 2023, the Bank of Maharashtra's adjusted home loan interest rate will be 8.5 per cent, down from the current rate of 8.6 per cent, the bank said in a release. The interest rate for car loans has been reduced by 20 basis points to 8.7 per cent.

Bank of Maharashtra tops PSU lenders chart in loan, deposit growth in Q1

Bank of Maharashtra tops PSU lenders chart in loan, deposit growt...

Sun, Aug 13, 2023

State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in loan and deposit growth in percentage terms during the first quarter of the current financial year.

Profit of PSU banks more than doubles to Rs 34,774 crore in Q1

Profit of PSU banks more than doubles to Rs 34,774 crore in Q1

Sun, Aug 06, 2023

Pune-based Bank of Maharashtra posted the highest NIM of 3.86 per cent, followed by Central Bank at 3.62 per cent and Indian Bank at 3.61 per cent during the quarter.

Bank of Maharashtra : Unlocking Earnings Before Results | Natije Aayenge Kamai Karayenge

Bank of Maharashtra : Unlocking Earnings Before Results | Natije...

Wed, Jul 19, 2023

Bank of Maharashtra: Earnings lock before results. Results will come, will make you earn

Bank of Maharashtra reports 95% jump in Q1 net profit, NII rises 39%; stock zooms 4%

Bank of Maharashtra reports 95% jump in Q1 net profit, NII rises...

Wed, Jul 19, 2023

Bank of Maharashtra Q1 results: The lender had posted a profit of Rs 451.9 crore in the year-ago period.

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