Bank of Maharashtra gains on partnering with National Payments Corporation of India
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Bank Of Maharashtra is currently trading at Rs. 19.95, up by 0.05 points or 0.25% from its previous closing of Rs. 19.90 on the BSE.
The scrip opened at Rs. 20.10 and has touched a high and low of Rs. 20.10 and Rs. 19.80 respectively. So far 99658 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. 11.56 on 22-Dec-2020.
Last one week high and low of the scrip stood at Rs. 20.15 and Rs. 18.80 respectively. The current market cap of the company is Rs. 13393.69 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.82% and 5.21% respectively.
Bank of Maharashtra has partnered with the National Payments Corporation of India (NPCI) to launch contactless credit cards on RuPay platform. The Platinum RuPay Contactless Credit Card comes with a range of benefits for customers. The contactless credit card also comes with the card liability cover wherein customers will have zero liability post reporting of fraud. As part of the welcome benefit, the credit card offers its users 100 reward points on their first retail spends worth Rs 1000 or more.
Apart from this, this card also offers a fuel surcharge waiver of upto Rs 200 for fuel transactions worth between Rs 500-4000, across all fuel stations in the country. The users will have an option to convert eligible transactions worth Rs 5000 and above into easy EMIs tenures.
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.
