Bank Of Maharashtra Edges Higher After Approval To Raise Rs 5,000 Crore Equity Capital

INSUBCONTINENT EXCLUSIVE:
Shares of Bank of Maharashtra were last trading 0.40 per cent higher at Rs 25.20 on BSE.Share price of Bank of Maharashtra edged higher by
rights issue and preference issue, according to a regulatory filing by the bank to the stock exchanges.The shareholders approved the
declared the top performer among public sector lenders in terms of retail and MSME loan growth during the financial year 2020-21.On the
far, It was last trading 0.40 per cent higher at Rs 25.20 on the NSE
2020-21, Bank of Maharashtra reported a net profit of Rs 165 crore, compared to a profit of Rs 58 crore in the corresponding quarter last
year
The net interest income of the public-sector bank increased 35 per cent year-on-year to Rs 1,383 crore
Maharashtra were last trading 0.40 per cent higher at Rs 25.20 on the BSE.