The current stock price of Bank of Maharashtra is ₹50.04. It has seen a percent change of 0.38, indicating a slight increase in value. The net change is 0.19, suggesting a small positive movement in the stock price. Overall, the stock price of Bank of Maharashtra has experienced a slight upward trend.
Read More…
Category: Bank of Maharashtra
Two PSU bank mergers on cards? Govt issues clarification after doc fuels speculation
Story continues below Advertisement
A government document shared on social media has triggered speculation about possible PSU bank mergers between Union Bank and UCO Bank, and Bank of India and Bank of Maharashtra. The document, whose source couldn’t be verified, said that a Parliamentary committee will hold discussions with four PSU banks in the first week of January under banking laws, which govern mergers and acquisitions, among other things.
However, the government has not yet provided official information regarding the merger. Neither of the…
Read More…
Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News
SKYMET predicts India is likely to experience average monsoon conditions in 2024| Commodities corner
In the “Preliminary Monsoon Forecast Guidance for 2024,” Skymet foresees the approaching monsoon as being categorized as ‘normal.’ This year is likely to be one of those characterized by a robust commencement, progressing steadily and concluding approximately midway within the normal range. The standard range for normal rainfall is defined as 96-104% of LPA (868.6mm). Catch Manisha Gupta in conversation with G P Sharma, President, Meteorology & Climate CHange, Skymet
Source: https://www.moneycontrol.com/
Bank of Maharashtra Q3 net up 34% at ₹1,036 crore
MUMBAI: Bank of Maharashtra has reported a net profit of Rs 1,036 crore for the December quarter, marking a 34% increase from Rs 775 crore in the year-ago period.The profit surge was driven by a 20% growth in total advances, reaching Rs 1.85 lakh crore as compared to Rs 1.53 lakh crore in December 2022. Simultaneously, deposits increased by 17.9% to Rs 2.5 lakh crore. The bank’s capital adequacy stood at nearly 16.9% at the end of the December quarter. MD & CEO A S Rajeev said that factoring in the December 2023 profits would elevate the bank’s capital adequacy to 19%.
Read More…
Bank Of Maharashtra Reduces Interest Rate On Home Loan; Check Latest Rate
Author: Aditya Pratap SinghFri, 05 Jan 2024 04:38 PM (IST)Source:JNDBank Of Maharashtra Home Loan Rate: Right at the beginning of the year Bank of Maharashtra has offered a New Year gift to depositors. The public sector bank has reduced interest rates on its home loan by 15 basis points i.e. 0.15 percent. The bank is offering home loans at the rate of 8.35 per cent. Giving double benefits to its customers, BOM has also waived the processing fees on home loans. The move to reduce interest rates and exempt processing fees in home loans may attract more and more customers. The bank said in a statement that the current high-interest rate is making retail loans cheaper to bring happiness…
Read More…
Bank Of Maharashtra share price Today Live Updates : Bank of Maharashtra Stock Soars in Trading Today
Bank Of Maharashtra Share Price Today : Bank of Maharashtra’s stock opened at ₹50.8 and closed at ₹50.43 on the last trading day. The stock reached a high of ₹52.22 and a low of ₹49.1 during the day. The market capitalization of the company is ₹35,406.85 crore. The 52-week high for the stock is ₹51.9, while the 52-week low is ₹22.8. The BSE volume for the stock was 15,065,019 shares.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
17 Jan 2024, 10:32 AM IST
Bank Of Maharashtra share price live: Stock Peers
17 Jan…
Read More…
Bank of Maharashtra estimates ECL provisions at Rs 2,500 crore – ETCFO.com
Bank of Maharashtra estimates ECL provisions at Rs 2,500 crore ETCFO.com
Read More…
Bank Of Maharashtra share price Today Live Updates : Bank Of Maharashtra
Bank Of Maharashtra Stock Price TodayBank Of Maharashtra Share Price Today : On the last day, the Bank of Maharashtra’s open price was ₹48.98, and the close price was ₹48.29. The stock had a high of ₹50.75 and a low of ₹48.85. The market capitalization of the bank is currently ₹35,711.35 crore. The 52-week high and low for the stock are ₹51.9 and ₹22.8, respectively. The BSE volume for the day was 8,261,087 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
Read More…
Bank of Maharashtra Q3 results: Net profit rises 34% on-year to Rs 1,036 crore – Moneycontrol
Bank of Maharashtra Q3 results: Net profit rises 34% on-year to Rs 1,036 crore MoneycontrolBank of Maharashtra’s profit jumps 34% to Rs 1,036 cr, NPAs down to 0.22% Business StandardBank of Maharashtra Q3 results: Profit jumps 34% to ₹1,036 crore | Mint MintBank of Maharashtra Q3 profit jumps 34% to Rs 1,036 crore | Financial Results | Business IndiaTimesBank of Maharashtra Q3 Results: Cons PAT jumps 34% YoY to Rs 1036 crore The Economic Times
Read More…
Bank of Maharashtra’s profit jumps 34% to Rs 1,036 cr, NPAs down to 0.22%
State-owned Bank of Maharashtra (BoM) on Tuesday posted a 34 per cent rise in its profit at Rs 1,036 crore in the third quarter ended December 2023. The Pune-based lender had posted a net profit of Rs 775 crore in the same quarter a year ago. Click here to follow our WhatsApp channel 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. The bank earned an interest income of Rs 5,171 crore during the quarter compared to Rs 4,129 crore in the same period a year ago. The bank was able to reduce gross Non-Performing Assets (NPAs) to 2.04 per cent of the gross loans by the end of…
Read More…