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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