Diabytes
Bank of Maharashtra News
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The Pune-based lender has received Reserve Bank of India's approval to set up an International Financial Services Centre (IFSC) Banking Unit at GIFT City.
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Finance Minister Nirmala Sitharaman announced several incentives in the Union Budget including a slew of incentives aimed at promoting investment, employment and off-shore funding at GIFT's International Financial Services Centre.
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Bank of Maharashtra has released a total of 400 vacancies.
The online application window will be open from July 13.
Applicants should be a graduate with a minimum 60 percent marks.
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The majority of consumer loans, including auto, personal, and house loans, are fixed at the one-year rate.
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Bank of Baroda also reduced its MSME loan interest rates starting at 8.4 per cent. Both offers were effective from March 5, 2023, and are valid for a limited period till March 31, 2023.
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The Canara Bank and the Bank of Maharashtra had sanctioned Rs 30 crore and Rs 25 crore respectively.
The company did not repay the loan, causing a loss of Rs 55.27 crore to the consortium.
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The recruitment drive will fill 500 vacancies.
Candidates have to undertake exam and interview.
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Candidates have to undertake exam and interview.
The recruitment drive will fill 500 vacancies.
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The 'Retail Bonanza-Festive Dhamaka' offer rate is linked to borrowers' credit score, it said, adding, the bank has already waived processing fee for its gold, housing and car loan.
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Bank of Maharashtra announced vacancies for Specialist Officers
A total of 190 vacancies have been notified
The last date to apply is September 19
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Finance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the privatisation of two public sector banks (PSBs) and one general insurance company.
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Bank of Maharashtra and Central Bank are the top two candidates that have been favoured for privatisation.
United India Insurance may be chosen candidate for privatisation among the three general insurers.
Both Bank of Maharastra and Central Bank are west focused banks where public sector bank presence is already stronger.
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The shortlist has not previously been reported.
Govt considering mid-sized to small banks.
First round of privatisation to test waters.
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Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget FY 2021-22 in Parliament announced that government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.
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The shortlist has not previously been reported.
Govt considering mid-sized to small banks.
First round of privatisation to test waters.
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A penalty of Rs 1 crore has been imposed on Andhra Bank for similar violations.
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The rate cut is only for the loans with six-months tenor, while it has been left unchanged in four other time categories including the one-year MCLR.
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In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.
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According to the RBI, the fine was imposed by an order dated January 4, 2019.
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In May, the city police had filed a 37,000-page charge-sheet against Kulkarni and his wife in the case.
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