Mumbai (Maharashtra) [India], June 20 (ANI/PNN): Bank of Maharashtra the fastest Growing Public Sector Bank, organised on Saturday, June 18, 2022, a Customer Connect - CREDIT OUTREACH PROGRAMME, as a part of a series of such events being organized by the Bank across the country.

Kolkata (West Bengal) [India], May 9 (ANI): A CBI court in Kolkata sentenced a former Branch Manager of the Bank of Maharashtra in Kolkata and a proprietor of A private firm to five years imprisonment for loan fraud and causing loss to the bank.

Mumbai Apr 25 PTI Reserve Bank of India RBI has imposed a penalty of Rs 112 crore on Bank of Maharashtra for non-compliance with certain directions including those related to Know Your Customer KYC normsThe penalty has been imposed for violation provisions related to KYC creation of a Central Repository of Large Common Exposures - Across Banks and guidelines on managing risks and code of conduct in outsourcing of financial services by banks The Statutory Inspection for Supervisory Evaluation ISE of the public sector bank was conducted with reference to its financial position as on March 31 2020 it said in a release on MondayAlso scrutinies were conducted in the matter of non-credit of customs duty to the government account by the bank it addedIn another release RBI said it has imposed a penalty of Rs 12 lakh on Rajkot Nagarik Sahakari Bank Rajkot for non-compliance with the direction on Interest Rate on Deposits Separately the central bank has imposed a penalty of Rs 25 lakh on The Haryana State Co-operative Apex Bank Chandigarh for contraventions with RBI directions on housing financeAccording to the releases the penalties are based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers PTI NKD RAM

Mumbai (Maharashtra) [India], April 25 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1.12 crore on Bank of Maharashtra for non-compliance with certain directions related to Know Your Customer (KYC).

Mumbai (Maharashtra) [India], February 25 (ANI/PNN): A Special Camp was organized by Bank of Maharashtra (BoM) Mumbai South Zone under "Maha Bank Aaplya Dari" at Adarshnagar Worli from February 16 to 19, 2022 to extend loans to SHG's, KCC Fisheries, Opening of Jandhan Accounts and coverage under 'Pradhan Mantri Jeevan Jyoti Beema Yojana' and 'Suraksha Beema Yojana'.

New Delhi [India], November 29 (ANI): The Reserve Bank of India (RBI) on Monday superseded the board of directors of Reliance Capital Ltd (RCL) in view of the defaults by the company in meeting various payment obligations to its creditors and "serious governance concerns which the Board has not been able to address effectively".

Mumbai (Maharashtra) [India], November 17 (ANI/PNN): Bank of Maharashtra, which works on the principle of "Ek Parivar, Ek Bank", under the Unique initiative taken by The MD and CEO A. S Rajeev, Honorable Executive Director Hemant Tamta & Honorable Executive Director Vijay Kumar have organized the MahaGrahakParicharcha across its 1999 branches and 40 Zonal Offices on 15/11/2021.

Pune Oct 29 PTI Pune Rural police on Friday claimed to have cracked the case of robbery at a Bank of Maharashtra branch in Shirur tehsil with the arrest of five persons Five armed robbers had looted cash and gold jewelry worth over Rs 2 crore from Pimparkhed branch of the nationalized bank in broad daylight on October 21 Acting on a tip-off main accused Pravin Ovhal alias Doller 29 was held in Ahmednagar district and subsequently Dhondiba Jadhav Ankur Pabale Adinath Pathare and Vikas Gunjal were also apprehended said a police official We have recovered Rs 236 crore in the form of gold ornaments and cash from the accused They were planning to rob the bank for the last three months and procured a pistol from Madhya Pradesh said an official of Pune rural police PTI SPK KRK KRK

Pune Oct 21 PTI Five armed robbers looted over Rs 180 crore in cash and gold jewelry from a branch of the Bank of Maharashtra in Pune district in broad daylight on Thursday police said The incident took place at Pimparkhed in Shirur tehsil said a senior official Around 130 pm when there were few customers four robbers who were wearing masks entered the bank while another remained outside said Abhinav Deshmukh Superintendent of Police Pune Rural They threatened the bank manager and cashier with guns and asked them to hand over cash and also the gold ornaments from lockers As all the robbers were wielding guns the manager and cashier did as told the SP said The robbers fled in an SUV with gold ornaments worth Rs 150 crore and Rs 33 lakh in cash The entire incident took place in four or five minutes Deshmukh said Pimparkhed is a remote village therefore the robbers might have decided to strike there They also might have conducted a recce before he said There was no security guard as it is a small branch It has a security alarm system but the manager or cashier did not press it as they were scared the SP said We have obtained CCTV footage of the branch and formed multiple teams to track down the robbers the police officer added PTI SPK KRK KRK