Bank of Maharashtra rises on launching own private cloud platform
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Bank of Maharashtra is currently trading at Rs. 24.71, up by 0.21 points or 0.86% from its previous closing of Rs. 24.50 on the BSE.
The scrip opened at Rs. 25.35 and has touched a high and low of Rs. 25.35 and Rs. 24.57 respectively. So far 470891 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 36.25 on 15-Dec-2022 and a 52 week low of Rs. 15.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 25.70 and Rs. 23.85 respectively. The current market cap of the company is Rs. 16684.90 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.54% and 5.49% respectively.
Bank of Maharashtra (BoM) has embarked its footprint in adoption of Private Cloud Infrastructure by launching ‘Mahabank Nakshatra’ - Bank’s own Private Cloud Platform. This facilitates High-Performance Cloud Capabilities for Digital Infrastructure and hosting applications of the Bank.
Nakshatra - BoM’s own Private Cloud & Virtualization Technology, is built to host double than the existing applications. It provides super flexibility, scalability, enhanced security and modern infrastructure for hosting of its digital applications. Nakshatra is sized for 2X Computation & 3X storage with all Flash vSAN Storage with NSX-T with higher speed and is augmented to cater bank’s digital journey workload for next 3 years.
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.
