Bank of Maharashtra gains on launching digital lending platform for home, car loan
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Bank of Maharashtra is currently trading at Rs. 20.70, up by 0.10 points or 0.49% from its previous closing of Rs. 20.60 on the BSE.
The scrip opened at Rs. 20.75 and has touched a high and low of Rs. 21.05 and Rs. 20.60 respectively. So far 352299 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 31.95 on 07-Jun-2021 and a 52 week low of Rs. 10.76 on 14-Oct-2020.
Last one week high and low of the scrip stood at Rs. 21.05 and Rs. 20.00 respectively. The current market cap of the company is Rs. 14033.09 crore.
The promoters holding in the company stood at 93.33%, while Institutions and Non-Institutions held 2.26% and 4.41% respectively.
Bank of Maharashtra has launched a digital lending platform for its home and car loan customers. The platform will enable prospective retail loan seekers to get loans digitally through a paperless process at the convenience of their place and time of choice. The platform is capable of validating KYC, CIBIL and financials of the applicant and provide in-principle approval in hassle free manner.
The primary objective is to provide exceptional customer experience, and upscale lending through digitization. The bank has currently waived processing fee on housing and car loans for its customers to benefit them in the ongoing festive seasons.
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.
