Tag: BOM

Bank of Maharashtra Q2 net profit jumps 103% on higher interest income

Bank of Maharashtra (BoM) on Thursday reported a 102.71% Y-o-Y rise in its net profit to Rs 264 crore for the September quarter. The net interest margin improved to 3.27% on a Y-o-Y basis against 2.3% in the comparable quarter last year. Net interest income increased by 33.84% to Rs 1,500 crore, compared with Rs […]

Bank of Maharashtra launches digital lending platform for home, car loans

State-owned Bank of Maharashtra on Friday said it has launched a digital lending platform for its home and car loan customers. The platform will enable prospective retail loan seekers to get loans digitally through a paperless process at the convenience of their place and time of choice, the bank said in a release. The platform is capable […]

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