Bank of Maharashtra Share Price – NSE  /  BSE

Banks, Small Cap

Sequentially, the gross advances rose 2.65% in the June quarter from Rs 2,03,664 crore as of 31 March 2024.

Bank of Maharashtra reported a 9.44% growth in total deposit to Rs 2,67,423 crore as of 30 June 2024 as against Rs 2,44,365 crore as of 31 June 2023 and 1.23% fall from Rs 2,70,747 crore as on 31 March 2024.

The bank's total business as on 30 June 2024 was at Rs 4,76,488 crore, registering a growth of 13.44% year on year (YoY) and 0.44% quarter on quarter (QoQ).

CASA deposits stood at Rs 1,33,341 crore as on 30 June 2024 (up 7.06% YoY and down 6.60% QoQ).

CASA ratio reduced to 49.86% as of 30 June 2024 from 50.97% as of 30 June 2023 and 52.73% as of 31 March 2024.

Bank of Maharashtra is a public sector bank in India. The Government of India held 86.46% stake in the bank as of 31 March 2024.

The bank’s standalone net profit jumped 44.95% to Rs 1,217.67 crore on 22.02% increase in total income to Rs 6,488.25 crore in Q4 FY24 over Q4 FY23.

The scrip fell 0.33% to currently trade at Rs 63.62 on the BSE.

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Bank of Maharashtra has received total bids of Rs.1793 crorefor its issue of Basel III Compliant Tier 2 Bonds on private placement basis. Further, Bank has accepted bid of Rs.1000 crore (including Base issue of Rs.250 crore and Green shoe option retained upto Rs.750crore) at coupon rate of 7.89%.

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Bank of Maharashtra is up for a fifth straight session today. The stock is quoting at Rs 69.35, up 2.66% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.03% on the day, quoting at 22830.7. The Sensex is at 74989.21, up 1.03%. Bank of Maharashtra has gained around 8.36% in last one month.

Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has gained around 3.56% in last one month and is currently quoting at 7240.3, up 2.04% on the day. The volume in the stock stood at 249.48 lakh shares today, compared to the daily average of 294.84 lakh shares in last one month.

The PE of the stock is 11.79 based on TTM earnings ending March 24.

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Bank of Maharashtra gained for a third straight session today. The stock is quoting at Rs 67.35, up 4.5% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.25% on the day, quoting at 22557.9. The Sensex is at 74083.23, up 0.1%. Bank of Maharashtra has gained around 4.58% in last one month.

Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has gained around 1.4% in last one month and is currently quoting at 7156.8, up 1.25% on the day. The volume in the stock stood at 175.2 lakh shares today, compared to the daily average of 293.12 lakh shares in last one month.

The PE of the stock is 11.25 based on TTM earnings ending March 24.

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