According to a recent press report, Bank of Maharashtra has received an ISO certificate for its excellent service in the industry. The certificate is like adding one more feather to its Cap. The ISO 27001:2005 certificate has been given to the Bank for its Information and Technology Division which includes Data Center, Core Banking Solution… Read More »
According to a recent press report, Bank of Maharashtra has launched “Maha Seva” a customer care centre to provide assistance to its customers. Maha Seva is the 24×7 support centre which is expected to give detailed information about the new and existing products and services of the Bank. The Single Point contact centre was launched… Read More »
According to a recent press report, net profit of Bank of Maharashtra when compared with the corresponding period last year has gone up from Rs. 52 crore to Rs 100 crore in the July – September 2011 quarter. Mr. A.S. Bhattacharya Chairman and Managing Director of the bank said that the Net Interest Income has… Read More »
According to a recent press report Bank of Maharashtra has taken an effort to make the defaulters to repay their Loans. The MAO (Many against One) is the new tactic followed by the bank to recover the loans. Mr. A.S. Bhattacharya, Chairman and Managing Director, of the bank said that there are better results in… Read More »
According to a recent press report, Bank of Maharashtra has taken steps to make borrowers repay their dues. The bank has adapted a new style called “MAO” which means ‘Many against one’. The MAO comprises of staff and official, the role of the MAO is to persuade the borrowers to repay their loans. Reports said… Read More »
A recent report said that the Bank of Maharashtra had reported a robust net profit and the bank’s continuous efforts resulted in the recovery of loans to around Rs. 368 crore. The reason behind this success was their style of recovering the loans from borrowers who do not turn up to pay the dues. Bank… Read More »
A recent press report said that Bank of Maharashtra is likely to hike its base rate by 25 basis points from 1st October 2011, following the latest policy rate hike by the Reserve Bank of India. Mr. A. S. Bhattacharya, Chairman and Managing Director of the bank told the press that the bank has planned… Read More »
A recent press report said that the finance ministry has asked all PSU banks to hold board meeting for two consecutive quarters in New Delhi. As per reports one of the main reasons for the meeting is the ministry’s keenness to ensure that one of its officials, Mr. D.K. Mittal, secretary – financial services, is… Read More »
According to a recent press report BNP Paribas SA has planned to expand its team that researches Japanese technology companies as it sees many of these firms thriving on exports of niche products. Weiyee In, head of technology, media and technology research at BNP Paribas Securities Asia Ltd, said that banks would soon hire a… Read More »
A recent press report said that the state-run Bank of Maharashtra has revised its base and lending rates by 0.25 percent each to 10.25 and to 14.50 per cent respectively. Reports said that the base rate of the bank was 10 per cent prior to the revision and its prime lending rate was at 14.25… Read More »