B
Bank of Maharashtra
Banks
₹ 56.53 -0.23 (-0.41%)
₹ 56.53 -0.23 (-0.41%)
- NSE
- BSE
Overview
- BSE Code 532525
- NSE Symbol MAHABANK
- ISIN Demat INE457A01014
- Book Value (₹) 36.79
- Face Value (₹) 10.00
- Market Cap (₹ Cr.) 43,572.66
- P/E (TTM) 7.48
- EPS (TTM) 7.57
- Div Yield (%) 2.65
Performance
Today’s Low 56.26
Today’s High 57.25
52W Low 42.00
52W High 70.77
Open 56.71
Prev. Close 56.76
Volume 48,19,308.00
Corporate Actions
Bank of Maharashtra - Copy of Newspaper Publication
Apr 26, 2025Bank of Maharashtra has informed the Exchange about Copy of Newspaper Publication about the financial results of the Bank
About Bank of Maharashtra
History
Bank of Maharashtra began its business on February 8, 1936. In July 1969, the bank was nationalised and thereafter went through a phase of rapid expansion. In 1998, the Bank attained autonomous status, helping it provide more services and with simplified procedures. In 2003-04, the Bank came with their initial public offer of 10 crore shares of ₹10/- each at a premium of ₹13/- amounting to ₹230 crore. The issue received an overwhelming response and was over-subscribed by more than 11 times. In 2006, the Bank signed MoUs with Life Insurance Corporation of India and United Insurance Company for the distribution of their insurance products. In 2010, the bank also launched its Mobile Banking product named ‘Maha Mobile’. In July 2013, a new department by the name 'Department of Strategic Initiatives' was formed. Thereafter, the bank successfully initiated/launched various IT Projects. For example, in 2016-17, the Contact Centre’s operations were upgraded, including Integrated Voice Response System (IVRS), MahaUPI, i.e. the bank’s UPI mobile app was launched, and the bank started the paperless ATM-RePIN facility named Green PIN through its ATM Machines. The bank launched a new internet banking portal for retail customers in the same period. However, in June 2017, the bank was placed under Prompt Corrective Action (PCA) by RBI in view of its high net NPA.Business Segments
The services offered by the bank are divided into the following categories: 1. Personal:- Deposits- This includes Savings Accounts, Current Accounts, Term Accounts, Capital Gain Accounts.
- Loans- This includes loan schemes such as Maha Super Housing Loan, Maha Super Car Loan, Maha Super Combo Loan, etc.
- Government Scheme- Major schemes of the government are supported by the bank, such as PMJDY, PMJBY, Sovereign Gold Bond Scheme, NPS, Sukanya Samriddhi Yojna, etc.
- Digital Banking- This includes various digital services such as Maha mobile, internet banking, Whatsapp banking, BHIM Aadhaar pay, etc.
- Bank’s schemes- This involves MSME Credit, co-lending, mortgage loans, lines of credit, etc.
- Government schemes- The bank delivers many government schemes for MSME, such as PM Mudra Yojna, Standup India, and PM Employment Generation Program.
Subsidiaries
- Maharashtra Executor & Trustee Company Pvt. Ltd:This is a 100% subsidiary of Bank of Maharashtra, which was established in 1946. It offers services auxiliary to banking, including wills, guardianship, power of attorney for investments, public and private trusts, etc.
Corporate Actions
The company has not announced any bonus shares, rights issue, buyback of shares, or stock splits in recent times. Mergers and Acquisitions- The shareholding of the central government has gone up from 81.6% in FY 2017 to 93.3% in FY 2021 in the bank.
| Founded | : 1935 |
| Managing Director | : Nidhu Saxena |
| Address | : Lokmangal, 1501 Shivajinagar, Pune, Maharashtra, 411005, |
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- Cancelled Cheque
- Latest 6 month Bank Statement (Only for Derivatives Trading)