Bank of Maharashtra, a public sector player is considering raising up to Rs 2,000 crore through various routes. The required capital is proposed to be raised from market by way of FPO/rights issue/QIP/preferential issue including capital support from central government. The proposal will be taken up at the annual general meeting to be held on June 16 in Pune.
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.