NEWS & ADVICE : FIXED DEPOSITS
Capital infusion of Rs 800 cr for BoM coming soon
By Neelima Shankar
Sep 23, 2011
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Public sector lender Bank of Maharashtra targets to receive capital infusion worth Rs 800 crore from the government in this fiscal.

Capital infusion is expected to aid the bank in increasing its capital adequacy ratio (CAR) to 14% as against the present figure of 13.35%, said CMD of the bank, Mr A S Bhattacharya.

"We have approached the government for additional capital infusion of Rs 800 crore. This is under process and we expect to get it before March, 2012," he quoted.

Many public sector lenders are presently in need of capital infusion and the list also includes the largest lender of the country, State Bank of India.


 


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