Bank of Maharashtra anticipates another capital infusion by this fiscal end

By | August 21, 2010
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Public sector bank, Bank of Maharashtra is anticipating a 2nd round of capital infusion from the central government by the end of this fiscal, according to a senior official of the bank.

Bank of Maharashtra had obtained the initial round of capital infusion amounting to Rs 5.88 million in July.

Executive Director M G Sanghvi said that the bank won’t be able to fulfill the provision coverage ratio of 70% by September end as has been ordered by RBI.

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