Bank of Maharashtra has appointed Pradeep Kumar Srivastava as its new Chief Technology Officer (CTO). Srivastava, a seasoned IT professional with over 25 years of experience, will oversee the bank’s technology operations...
Read MoreA recent report by the State Bank of India found that public sector banks (PSBs) in India outperformed their private counterparts in terms of net profit growth. PSBs saw a 39.3% year-over-year growth in the second quarter of...
Read MoreIndian Finance Minister Nirmala Sitharaman has approved the creation of Chief General Manager (CGM) positions in five additional nationalized banks, including Bank of Maharashtra, Central Bank of India, and UCO Bank. This move...
Read MoreThe Bank of Maharashtra has increased its marginal cost-based lending rate (MCLR) for longer tenures by 5 basis points. The new rate structure is effective from February 10, 2023, and will apply to all floating rate loan...
Read MoreThe Union Forum of Bank Unions (UFBU) has announced a one-day strike on November 16, 2024, in Maharashtra state to demand better security for bank employees and properties, as well as strong action against those who have...
Read MoreBank of Maharashtra has increased its benchmark lending rate by 5 basis points (bps) for tenures of more than six months. This change is effective from October 12, 2021. The revised rates will be applicable to housing,...
Read MoreThe Bank of Maharashtra (BoM) has inaugurated a new branch in Puttur, a town in the state of Karnataka, India. The new branch is located at Azeez Sereepady Road, Puttur, and aims to provide a range of financial services to the...
Read MoreThe State Bank of India (SBI) and Bank of Maharashtra are offering two special fixed deposit (FD) schemes: the SBI 444-day FD (Amrit Vrishti) and the 777-day FD of Bank of Maharashtra. These non-callable FDs guarantee returns...
Read MoreBank of Maharashtra is recruiting candidates for Apprentice posts. The registration process started on October 14, 2024, and will end on October 24, 2024. A total of 600 posts are available. Eligible candidates can apply online...
Read MoreState-owned Bank of Maharashtra (BoM) posted a 44% jump in its profit to Rs 1,327 crore in the second quarter of 2024-25, driven by an improvement in interest income. The bank’s total income increased to Rs 6,809 crore, up...
Read MoreThe Bank of Maharashtra is in discussions with 3-4 non-banking finance companies (NBFCs) to form a co-lending partnership, according to Chief Executive Officer (CEO) Nidhu Saxena. This partnership is aimed at increasing the...
Read MoreThe Bank of Maharashtra is recruiting 600 candidates for the post of Apprentice. The application process is open from October 14th to October 24th, 2024. To be eligible, candidates must have a Bachelor’s degree in any...
Read More