Bank of Maharashtra has appointed Rohit Rishi as Executive Director on the Board of Bank for a period of three years with effect from 01 November 2023 or until further orders, whichever is earlier, in place of A.B. Vijayakumar. Powered by Capital Market - Live News

Net profit of Bank of Maharashtra rose 72.02% to Rs 919.84 crore in the quarter ended September 2023 as against Rs 534.74 crore during the previous quarter ended September 2022. Total Operating Income rose 32.84% to Rs 5067.96 crore in the quarter ended September 2023 as against Rs 3815.10 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Total Operating Income5067.963815.10 33 OPM %57.3060.50 - PBDT935.72882.98 6 PBT935.72882.98 6 NP919.84534.74 72 Powered by Capital Market - Live News

Bank of Maharashtra has undertaken a review of MCLR and decided to revise the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 11 October 2023 as under:Overnight - 8%One month - 8.20%Three month - 8.30% Six month - 8.50%One year - 8.70%Powered by Capital Market - Live News

Bank of Maharashtra will hold a meeting of the Board of Directors of the Company on 16 October 2023.Powered by Capital Market - Live News

Bank of Maharashtra announced that Arun Fanidhar Kabade, General Manager has been designated as Chief Risk Officer of the Bank in place of Sanjay Rudra on account of his elevation as Executive Director of Union Bank of India. Powered by Capital Market - Live News