Bank of Maharashtra jumps after opening six new branches
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Bank Of Maharashtra is currently trading at Rs. 21.20, up by 0.35 points or 1.68% from its previous closing of Rs. 20.85 on the BSE.
The scrip opened at Rs. 21.05 and has touched a high and low of Rs. 22.00 and Rs. 21.00 respectively. So far 573701 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 27.73 on 19-Feb-2021 and a 52 week low of Rs. 8.15 on 26-Mar-2020.
Last one week high and low of the scrip stood at Rs. 22.95 and Rs. 18.85 respectively. The current market cap of the company is Rs. 13776.33 crore.
The promoters holding in the company stood at 93.33%, while Institutions and Non-Institutions held 3.60% and 3.07% respectively.
Bank of Maharashtra (BoM) has opened six new branches, expanding its network to 1,949 branches. Out of these six branches, which are in Kolkata Zone, one branch is in Port Blair and other five are in West Bengal. It will enhance customer experience with the bank's innovative digital banking solution. The company is also working on expanding its products, services and digital banking platform with investments in technology, aimed at improving customer experiences and offering them a range of products tailored to their financial needs.
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.
