Bank of Maharashtra to get capital infusion of Rs 2,200 cr

...........“We are likely to get a capital infusion of Rs 2,200 crore from the government of India in September which will raise our core capital adequacy ratio from the present 7.57 per cent to over 8 per cent as required by the Reserve bank of India,” Narendra Singh, chairman and managing director of Bank of Maharashtra, said. However, it’s overall CAR under Basel II norms as of end June was 11.83 per cent, he said..................

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