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Jan 16, 2024 · Bank of Maharashtra (BoM) said on Tuesday its net profit increased by 34 per cent year-on-year (YoY) to Rs 1,036 for the quarter ended December 2023 (Q3 FY24) on the back of healthy rise in net interest income (NII) and stable asset quality. The lender had posted a profit of Rs 775 crore in Q3 FY23.
Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. [6] As of December 2023, the bank has 1,869 branches and 3,239 ...
BoM is headquartered in Pune, Maharashtra, India. Gain a 360-degree view of Bank of Maharashtra and make more informed decisions for your business Find out more. Headquarters India. Address Central Office, Lokmangal, 1501, Shivajinagar, Pune, Maharashtra, 411005. Website www.bankofmaharashtra.in. Telephone 91 20 25532731.
Bank of Maharashtra | 36,734 followers on LinkedIn. Welcome to Bank of Maharashtra's official LinkedIn Account! Thanks for visiting us! | Headquartered in Pune, Bank of Maharashtra, a Public ...
Background. In October 1968, a study group (headed by late Dr. R. Gadgil) on 'Organizational framework for implementation of social objectives' was set up by the National Credit Council. The group recommended adoption of "area approach" for evolving plans and programmes for the development of banking and credit structure in October 1969.
Jun 7, 2023 · The board of the bank had approved the issuance of equity shares to Qualified Institutional Investors at the rate of Rs 28.50 per unit (with premium of Rs 18.50 per share), BoM said in a statement. The QIP was fully subscribed and received a strong response from domestic as well as foreign institutional investors, highlighting a well ...
The Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). [31] In 1949, the Banking Regulation Act was enacted, which empowered the Reserve Bank of India (RBI) to regulate ...
