Bank of Maharashtra jumps on launching several new products, utilities

Bank of Maharashtra is currently trading at Rs. 26.65, up by 0.51 points or 1.95% from its previous closing of Rs. 26.14 on the BSE.

bank of maharashtra slips as rbi rejects its proposal to set off rs 7360 crore losses
Bank of Maharashtra

The scrip opened at Rs. 26.21 and has touched a high and low of Rs. 27.17 and Rs. 26.21 respectively. So far 802081 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 36.25 on 15-Dec-2022 and a 52 week low of Rs. 15.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 27.17 and Rs. 25.20 respectively. The current market cap of the company is Rs. 17849.28 crore.

The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.54% and 5.49% respectively.

Bank of Maharashtra (BoM) has launched several new products and utilities, in its continual efforts to enhance ease of banking, for its customers and staff. The launches envisage yielding to customer delight, value-added Customer journey and improved Operational efficiency.

To make Customer journey more efficient and strengthen bank’s digitization journey, Bank launched, end to end digitised personal loans for customers in several regions viz. Pune region (Pune West, Pune City & Pune East), Bengaluru, Kolkata, Patna and Chandigarh. Existing customers can avail loan up to Rs 20 lakh, in a hassle free manner, through digitised medium.

To add to the customer delight bank came up with features for its Visa and Rupay debit Cards. Visa International Debit Card is new edge contactless card which will work on all tap & pay device, across India and abroad, which can be availed without any joining fees. It can also serve as an electronic purse, where money gets debited instantly from the account whenever the customers pays.

The Rupay Select Debit card is an International contactless card that provides benefits such as airport lounge access, health check-up etc. The Rupay Petro Debit Card provides rewarding fuel savings and other benefits to the customers, more particularly creating ease of doing business through cashless cards which shall be used by Tour & Transport operators etc.

Bank of Maharashtra 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.

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