Bank of Maharashtra gets nod for capital infusion

11 Dec 2013 Evaluate

Bank of Maharashtra has received its board's approval for allotting 17.76 crore equity shares on preferential basis to the Government of India against which it will get an equity capital of Rs 800 crore in Tier I during this quarter. The board at its meeting held on December 09, 2013 has approved for the same.

The bank has reported a fall of 71.77% in its net profit at Rs 46.85 crore for the quarter ended September 30, 2013 as compared to Rs 166.01 crore for the same quarter in the previous year. Total income of the bank increased by 31.32% at Rs 3196.56 crore for quarter under review as compared to Rs 2434.09 crore for the quarter ended September 30, 2012.

Bank of Maharashtra Share Price

54.76 0.16 (0.29%)
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