Bank of Maharashtra is currently trading at Rs. 16.00, up by 0.22 points or 1.39% from its previous closing of Rs. 15.78 on the BSE.
The scrip opened at Rs. 16.35 and has touched a high and low of Rs. 16.35 and Rs. 15.78 respectively. So far 54107 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.85 on 05-Feb-2021 and a 52 week low of Rs. 7.71 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 16.70 and Rs. 15.29 respectively. The current market cap of the company is Rs. 10489.69 crore.
The promoters holding in the company stood at 93.33%, while Institutions and Non-Institutions held 3.60% and 3.07% respectively.
LoanTap has entered into a strategic partnership with Bank of Maharashtra for extending loans to micro, small and medium enterprises (MSMEs). Under the co-lending model, LoanTap will bear the 20 percent exposure while the rest 80 percent will be borne by the bank. These loans are designed to serve the business needs of MSMEs, supporting their plans to grow and expand business.
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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