Bank of Maharashtra is planning to raise equity capital through FPO/Rights issue/QIP etc, up to Rs 2000 crore, subject to the necessary approvals. The board of directors of the company in their meeting, scheduled to be held on May 04, 2017, will consider the same.
Bank of Maharashtra is a leading public sector bank. The Bank offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.