by newsworm | Mar 26, 2025 | Bank of Maharashtra, Banking
The Bank of Maharashtra (BoM) has opened a new branch in Zaheerabad, Telangana, which brings the total number of its branches in the state to 75, covering all 33 districts. The new branch was inaugurated by G.S.D. Prasad, Zonal Manager of the Hyderabad zone. The...
by newsworm | Mar 25, 2025 | Bank of Maharashtra, Banking
The Bank of Maharashtra has inaugurated its 75th branch in Telangana State, specifically in Zaheerabad. The new branch was inaugurated by Bank of Maharashtra Zonal Manager GSD Prasad. The Zaheerabad branch will provide banking services to the local community,...
by newsworm | Mar 21, 2025 | Bank of Maharashtra, Banking
The Bank of Maharashtra is planning to invest up to ₹50 crore in tier-I perpetual bonds issued by Maharashtra Gramin Bank, a regional rural bank that it partially sponsors. This is a rare event, as regional rural banks are rarely issuers of bonds. Maharashtra Gramin... by newsworm | Mar 19, 2025 | Bank of Maharashtra, Banking, Indian Overseas Bank, Punjab National Bank, RBI
Indian Overseas Bank has received approval from its board to raise Rs 10,000 crores through the issuance of long-term infrastructure bonds. The funds will be used to finance and refinance infrastructure and affordable housing projects. This move is part of the...
by newsworm | Mar 18, 2025 | Bank of Maharashtra, Banking
Bank of Maharashtra (BoM) has received a warning from the Securities and Exchanges Board of India (SEBI) for lapses in the nomination and remuneration committee (NRC) meeting. The warning is a result of an examination by SEBI, which found that the bank did not comply...
by newsworm | Mar 17, 2025 | Bank of Baroda, Bank of Maharashtra, Banking, State Bank of India
The Indian Ministry of Finance has acknowledged the existence of vacancies in the boards of public sector banks (PSBs) and is taking steps to fill them. According to Pankaj Chaudhary, the Minister of State in the Ministry of Finance, filling director positions is a...