Bank of Maharashtra: Today’s Big Moves

Bank of Maharashtra: Today’s Big Moves

Bank of Maharashtra Today – Latest News, Interest Rates & Stock Performance (June 30, 2025)

Bank of Maharashtra Today – Latest News

“Bank of Maharashtra: Strengthening India’s Financial Backbone”Bank of Maharashtra: Today’s Big Moves

🏦 1. Personal Loan Rates Reduced

 

Bank of Maharashtra (BoM) has revised its personal loan interest rates after the RBI’s recent repo rate cut. The bank now offers loans starting at 9% per annum for select salaried individuals with a good credit score. Borrowers with lower credit scores may see slightly higher interest rates.

 

This move makes BoM one of the most competitive public sector banks for personal loans in India.

 

 

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⚠️ 2. SEBI Issues Governance Warning

 

SEBI issued a cautionary letter to Bank of Maharashtra for not holding required meetings of the Nomination and Remuneration Committee during FY 2022–23 and FY 2023–24. The bank acknowledged the issue and confirmed that steps are being taken to improve governance. No penalties were imposed, and there is no financial impact on the bank.

 

 

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📊 3. BOM Stock Performance

 

As of market close on June 28, 2025, BoM shares stood at ₹54.30, showing a small positive movement of 0.86%.

 

The PSU Bank index also performed well, and investor sentiment remains optimistic due to lower lending rates and improving asset quality.

 

 

 

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💼 4. Q4 Financial Results

 

Net Profit: ₹1,493 crore (up 23% YoY)

 

Improved Asset Quality: Reduction in non-performing assets

 

Growth in Advances and Deposits

 

 

The bank’s strong quarterly performance indicates sound financial health and efficient management.

 

 

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💳 5. New Credit Card Partnership

 

Bank of Maharashtra has partnered with SBI Card to introduce co-branded credit cards. These cards will offer:

 

Cashback and reward points

 

Fuel surcharge waiver

 

EMI conversion on big purchases

 

 

This strategic alliance is expected to benefit BoM’s customer base significantly.

 

 

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🚗 6. Revised Lending Rates (Retail Loans)

 

Home Loans: Starting at 7.35%

 

Car Loans: Starting at 8.20%

 

Repo-Linked Lending Rate Cut: By 50 basis points

 

 

The rate reductions will boost affordable credit availability across India.

 

 

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✅ Summary

 

Bank of Maharashtra continues to make strong moves in 2025:

 

Attractive loan interest rates

 

Steady stock performance

 

Strategic credit card collaboration

 

Focus on transparency and governance

 

 

Customers, investors, and borrowers should keep an eye on further developments in the coming months.

 

 

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