Wed, Oct 16, 2024
SBI 444-day FD vs Bank of Maharashtra 777-day FD Calculator: The interest rate for general citizens in the SBI Amrit Vrishti scheme is 7.25 per cent. The special FD guaranteed return scheme is available till March 2025.
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Tue, Oct 15, 2024
Bank of Maharashtra Q2 Results: State-owned Bank of Maharashtra (BoM) on Tuesday posted a 44 per cent jump in its profit at Rs 1,327 crore in the second quarter ended September 2024 on account of improvement in interest income.
Thu, Oct 10, 2024
The lender reported a 15.4 per cent increase in total deposits to Rs 2.76 lakh crore against Rs 2.39 lakh crore at the end of the second quarter of the previous financial year.
Fri, May 08, 2020
Lockdown in India: In the wake of COVID-19 lockdown in India hitting people's monthly budget to a larger extent, State Bank of India (SBI), Indian Overseas Bank (IOB) and Bank of Maharashtra have cut down their lending rates.
Wed, May 06, 2020
The Pune-based bank further announced reduction in its marginal cost of funds based lending rates (MCLR) across all tenors by 10 basis points from Thursday.
Thu, Apr 23, 2020
Sahyog COVID-19 Personal Loan: People may be facing a money crisis during the lockdown period as they are not being able to go to their work and they may have exhausted their savings bank account.
Fri, Aug 09, 2019
Bank of Maharashtra announced a vacancy for total 46 posts, out of which 25 posts are for Law Officer Scale 2, 12 posts for Security Officer Scale 2, 1 post for Fire Officer Scale 2, 1 post for Manager Costing Scale 2, 1 post for Economist Scale 2, 1 post for Economist Scale 4 and 5 posts for Information System Auditor Scale 3 respectively.
Wed, Jul 31, 2019
Bank of Maharashtra latest news: In a fatal incident of a ceiling slab in a bank branch falling in the district of Solapur in Maharashtra one person was killed and 10 got injured.
Fri, Jun 07, 2019
The MCLR is a factor by which a particular bank curates the interest rates that are levied on various loans that they offer their customers.
Fri, Apr 05, 2019
The bank has now cut their MCLR which is a benchmark for deciding lending rates on home loan, personal loan and vehicle loan.
Wed, Feb 27, 2019
In Fitch’s view, the authorities' approach to the banking sector has clearly shifted towards spurring lending in recent months.
Thu, Feb 07, 2019
Within hours of the RBI cutting its key rates by 25 bps, state-run Bank of Maharashtra, which is under the PCA framework, Thursday announced a 0.05 percent cut in its marginal cost of funds based lending rate.
"The capital injections helped the banks significantly increase their loan loss coverage and reduced their net NPL ratios below the trigger point for PCA inclusion," Moody's said.
Fri, Feb 01, 2019
"In the case of Oriental Bank of Commerce, though the net NPA was 7.15 per cent, as per the published results of third quarter, the government has since infused sufficient capital and bank has brought the net NPA to less than 6 per cent."
Wed, Jan 02, 2019
In this segment of Zee Business know which shares will help you earn more today, Jan 02nd, 2019. Watch full video for more info.
Sun, Dec 02, 2018
Rajeev is having about three decades of professional experience in three Banks - Syndicate Bank, Vijaya Bank and Indian Bank.
Fri, Sep 07, 2018
These banks were blamed for contravention of instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI.
Thu, Jun 28, 2018
Automotive battery maker Exide Industries announced signing of a pact with Swiss-based firm Leclanche SA for setting up a joint venture company to build lithium-ion batteries and provide energy storage systems for India's electric vehicle market.
Thu, Jun 21, 2018
All the arrested accused have been charged under various provisions of the Indian Penal Code and Prevention of Corruption Act, pertaining to cheating, forgery, criminal conspiracy and breach of trust.
Thu, Mar 29, 2018
Punjab National Bank (PNB) had reported the highest amount of frauds at Rs 2,810 crore in the last financial year, followed by Bank of India at Rs 2,770 crore, State Bank of India at Rs 2,420 crore and Bank of Maharashtra at Rs 2,041 crore. The report comes amid a string of banking frauds recently, including the Rs 13,000-crore PNB scam involving billionaire jeweller Nirav Modi and his uncle Mehul Choksi.
Tue, Feb 20, 2018
Just after PNB reported around Rs 11,300 crore fraudulent transactions by diamond tycoon Nirav Modi, another scam of more than Rs 800 crore by Rotomac MD Vikram Kothari has been unraveled.
Thu, Jan 04, 2018
The government has pumped Rs 51,858 crore capital in the PSBs so far, since the Indradhanush road map was announced in 2015.
Thu, Jan 26, 2017
Bankers have said that the Reserve Bank of India is likely to remove the weekly cash withdrawal limits for banks as well as ATMs by the end of February this year.
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