by Team Small News | Apr 14, 2025 | Bank of Maharashtra, Indian Overseas Bank, RBI
The Bank of Maharashtra (BoM), a state-owned bank, has announced a reduction in its lending rate linked to the repo rate by 25 basis points. This move is in line with the Reserve Bank of India’s (RBI) recent decision to slash key interest rates by 25 basis...
by Team Small News | Apr 7, 2025 | Bank of Maharashtra, Banking
Bank of Maharashtra (BoM) has launched a new state-of-the-art banking facility in Kodad, Suryapet district, to cater to the banking needs of customers in the region. The new branch is the 76th for BoM in Telangana, covering 33 districts. The Kodad branch will offer a...
by Team Small News | 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 Team Small News | 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 Team Small News | 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 Team Small News | 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...