News for 'Bank of Maharashtra'

SBI, 25 other major Indian banks figure in suspicious transactions list

SBI, 25 other major Indian banks figure in suspicious transactions list

Rediff.com22 Sep 2020

Banks say they themselves red-flagged the transactions to RBI. It must be noted that these transactions are not outright evidence of fraud or proof of nefarious activities.

Loans to get cheaper as SBI cuts rates by 5 bps

Loans to get cheaper as SBI cuts rates by 5 bps

Rediff.com9 Apr 2019

SBI is the third state-run lender to lower the lending rates after Indian Overseas Bank Tuesday and Bank of Maharashtra which also lowered their loan prices by 5 bps on loan tenors of one year and above, effective April 10.

Confused about the stock market? Here's Help

Confused about the stock market? Here's Help

Rediff.com23 Aug 2021

'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'

Profits: Govt banks ahead of private banks

Profits: Govt banks ahead of private banks

Rediff.com24 Jun 2021

Not all public sector banks are back in the black, but their collective net profit for the year is Rs 32,346 crore against a Rs 9,013 crore loss in the previous year, points out Tamal Bandyopadhyay.

Ask Ajit: Stocks to BUY, HOLD or SELL

Ask Ajit: Stocks to BUY, HOLD or SELL

Rediff.com18 Aug 2021

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

SBI takes first cue, lowers lending rates by 5 bps

SBI takes first cue, lowers lending rates by 5 bps

Rediff.com9 Jul 2019

The new rates, effective Wednesday, is the third reduction by SBI in this financial year having cut the rates by 5 bps each in April and May, while its home loan rates has come down by 20 bps during this period.

10 public sector banks merged into 4 mega banks

10 public sector banks merged into 4 mega banks

Rediff.com30 Aug 2019

In the biggest consolidation exercise in the banking space, the government on Friday announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks.

He exposed the Rs 2,043 crore DSK scam

He exposed the Rs 2,043 crore DSK scam

Rediff.com21 Jun 2018

'The amount involved could as high as Rs 3,500 crore as there are a lot of depositors.' 'Yesterday, I met an investor who put in Rs 4 crore. That man doesn't have Rs 2,000 to spend on medicines.'

ATM woes: 'No cash, machine closed'

ATM woes: 'No cash, machine closed'

Rediff.com15 Nov 2016

Mumbai ATMs stop dispensing cash.

BoM seeks nod to raise Rs 1,500 crore in 3 years

BoM seeks nod to raise Rs 1,500 crore in 3 years

Rediff.com8 Jul 2009

Public sector Bank of Maharashtra has sought government approval to raise Rs 1,500 crore in three years.

Deed done, now to make mega bank merger work

Deed done, now to make mega bank merger work

Rediff.com18 Sep 2019

'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.

RBI removes 3 more banks from PCA framework

RBI removes 3 more banks from PCA framework

Rediff.com27 Feb 2019

After removing three PSBs - BoI, Mahabank and OBC from the framework, RBI, on Tuesday, took out three commercial banks - Allahabad, Corporation and Dhanlaxmi from the said list.

Don't rush to buy public sector bank stocks

Don't rush to buy public sector bank stocks

Rediff.com5 Feb 2018

Though most experts remain bullish on the banking space, they suggest investors buy only those banks whose NPAs are at a manageable level of 3% to 4% and there is credit growth or earnings visibility.

Rotomac owner Vikram Kothari arrested over Rs 3,695 crore loan default

Rotomac owner Vikram Kothari arrested over Rs 3,695 crore loan default

Rediff.com22 Feb 2018

The CBI has initiated the action on the complaint of Bank of Baroda, which was a member of consortium led by Bank of India, which had approached the agency fearing that Kothari may flee the country like Nirav Modi and his uncle Mehul Choksi.

RBI extends loan restructuring facility to India Inc

RBI extends loan restructuring facility to India Inc

Rediff.com6 Aug 2020

Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.

12 PSU banks to get Rs 48,239 crore funding from govt

12 PSU banks to get Rs 48,239 crore funding from govt

Rediff.com20 Feb 2019

Corporation Bank is the biggest beneficiary of this round of capital infusion with Rs 9,086 crore of funding, followed by Allahabad Bank with Rs 6,896 crore.

Is it safe to invest in PSU stocks?

Is it safe to invest in PSU stocks?

Rediff.com21 May 2019

Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer

ASK AJIT: 'Want to invest Rs 20 lakh in 10-12 stocks'

ASK AJIT: 'Want to invest Rs 20 lakh in 10-12 stocks'

Rediff.com25 Feb 2021

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

Bank of Baroda plans JV in Malaysia

Bank of Baroda plans JV in Malaysia

Rediff.com14 Jul 2005

Bank of Baroda plans to set up a joint venture in Malaysia with two other Indian banks - Bank of Maharashtra and The Oriental Bank of Commerce.

March will see govt banks get Rs 46K cr as capital infusion

March will see govt banks get Rs 46K cr as capital infusion

Rediff.com9 Mar 2018

The country's largest lender State Bank of India will get the largest sum of Rs 8,800 crore as government's capital infusion.

PSBs may re-approach Sebi for relaxing promoter equity rule

PSBs may re-approach Sebi for relaxing promoter equity rule

Rediff.com14 May 2018

PSBs were required to bring down government shareholding to at least 75 per cent, to comply with the amended Securities Contract (Regulations) Rules by August 2017.

Will 2020 bring cheer to Indian banking sector?

Will 2020 bring cheer to Indian banking sector?

Rediff.com30 Dec 2019

Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system, moderating interest rates as well as credit growth apart from addressing stress in the NBFC sector.

Ask Ajit: 'Help! I have inherited these stocks...'

Ask Ajit: 'Help! I have inherited these stocks...'

Rediff.com23 Nov 2020

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

Eight govt banks to get new CMDs this year

Eight govt banks to get new CMDs this year

Rediff.com27 Apr 2011

Executive directors from different banks are eligible to be promoted to the post of chairman and managing director.

The little-known company that's buying up distressed telcos

The little-known company that's buying up distressed telcos

Rediff.com24 Jan 2020

UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.

'Police wants to defame Hindutva activists'

'Police wants to defame Hindutva activists'

Rediff.com10 Aug 2018

'Many BJP MLAs and ministers tell us the police does not listen to them.'

The bad loan problem

The bad loan problem

Rediff.com27 Feb 2017

GNPAs of public sector banks are now at a staggering 11.2 per cent of their advances.

Govt clears names of 20 public sector bank heads

Govt clears names of 20 public sector bank heads

Rediff.com2 Sep 2010

Out of the 12 executive directors announced on Wednesday, five will fill vacancies with immediate effect, while the remaining will be promoted as and when posts are vacant.

SC warns Amrapali homebuyers on dues

SC warns Amrapali homebuyers on dues

Rediff.com11 Sep 2019

A bench of Justices Arun Mishra and U U Lalit said, if home buyers are not ready to pay their outstanding amount, then the court will have to bundle up the projects.

Public sector banks are not out of the woods yet

Public sector banks are not out of the woods yet

Rediff.com5 Mar 2020

'The snakes and ladders game will continue till the consolidation process is complete simply because we don't know how bad the scene is, with some of the banks being merged,' says Tamal Bandyopadhyay.

Corporate earnings take a big knock in Q3

Corporate earnings take a big knock in Q3

Rediff.com28 Feb 2019

Analysts attribute this fall to the recent moderation in energy (mainly crude oil) and commodity prices, lowering of input costs for companies in sectors such as FMCG, consumer durables, and automobiles, reports Krishna Kant.

Bank of Maha arrests an 'aberration', says finmin

Bank of Maha arrests an 'aberration', says finmin

Rediff.com25 Jun 2018

'It seems to be a bit of an aberration. It should be set right; there is a proper mechanism in place. In the normal course, the state police do not have any jurisdiction on central government employees,' the official said.

PSU banks lost Rs 227 bn to frauds in 5 years

PSU banks lost Rs 227 bn to frauds in 5 years

Rediff.com15 Feb 2018

Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.

A year of Shaktikanta Das: The hits & misses as RBI guv

A year of Shaktikanta Das: The hits & misses as RBI guv

Rediff.com11 Dec 2019

The career bureaucrat-turned-central banker walked into the 19th floor corner room of the Reserve Bank on December 12, 2018. Since February 2019, the Das-led RBI has cut the repo rate by a whopping 135 basis points to support the sagging growth, including an unprecedented 35 bps reduction in August. As he completes one year at the helm, woes in the NBFC sector, overall health of the banking sector and steeply falling economic growth are among the major challenges that needs to be tackled sooner than later.

How the ATS pulled youth out of ISIS's influence

How the ATS pulled youth out of ISIS's influence

Rediff.com11 Feb 2019

There are many such young men in Maharashtra, mainly in the industrially backward Marathwada region, who had once fallen victim to ISIS's propaganda but are now leading a normal life with the help of the employment training programme.

How 2 Mumbai banks coped with the note ban

How 2 Mumbai banks coped with the note ban

Rediff.com30 Dec 2016

'It is human nature to get angry and annoyed when you are inconvenienced.' 'But we were able to enroll a few of our customers as 'bank mitras', who with my staff made sure that the queues were orderly and coupons were given to all the customers who wanted to withdraw or deposit money.'

Now, pay more for bank services, premiums, credit card bills

Now, pay more for bank services, premiums, credit card bills

Rediff.com30 Jun 2017

Under the Goods and Services Tax, effective midnight of June 30, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.

LIC loses money in 18 out of 21 PSB shares

LIC loses money in 18 out of 21 PSB shares

Rediff.com9 Jul 2018

Insurer has also made fresh investments since December 2015 quarter when RBI told banks to recognise bad loans

RBI slaps Rs 6.5 cr penalty on 6 PSU banks

RBI slaps Rs 6.5 cr penalty on 6 PSU banks

Rediff.com23 Aug 2013

The RBI on Friday imposed a fine of Rs 6.5 crore (Rs 65 million) on six public sector banks including IDBI Bank, Dena Bank and Indian Bank, for violation of customer identification or KYC norms and anti-money laundering guidelines.

11 more PSBs may face the same fate as Dena Bank

11 more PSBs may face the same fate as Dena Bank

Rediff.com14 May 2018

RBI may be inclined to impose severe restrictions on lending in the coming quarters.