Bank of Maharashtra Current Affairs, GK & News

GeM partners with UCO Bank and Bank of Maharashtra

The Government e-Marketplace(GeM) has signed two Memorandum of Understanding(MoUs) with the public sector banks, Bank of Maharashtra and UCO bank on Monday, 16th December 2019. Under the MoU, a number of services including transfer of funds through GeM Pool Account(GPA), Earnest Money Deposit(EMD) and advising of Performance Bank Guarantees(e-PBG) will be provided to the registered ..

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Capital Infusion of Rs. 48,239 Crore into 12 State-Run Banks

The government has approved the capital infusion of Rs. 48,239 Crore into 12 State-Run Banks. The capital inclusion has been undertaken to ensure the lenders are able to maintain regulatory capital requirement and step up lending and boost overall growth. With this latest capital infusion, the government has now the government has now provided Rs 1,00,958 crore ..

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Prompt Corrective Action framework restrictions lifted for Three Banks

The Reserve Bank of India (RBI) has lifted the Prompt Corrective Action (PCA) framework operational curbs on Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC). These public sector banks are out of the prompt corrective action (PCA) framework. This will aid in making marked improvements in the capital positions ..

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Relaxation of Norms under PCA Framework

It is said that the finance ministry and the Reserve Bank of India are working on providing some relaxation on the prompt corrective action (PCA) framework for stressed banks. Prompt Corrective Action (PCA) Framework Prompt Corrective Action (PCA) framework has been issued by the RBI to maintain the sound financial health of banks. The RBI will initiate ..

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C.V.R Rajendran is new CMD of Andhra Bank

The Union Ministry of Finance, Government of India appointed C. V. R. Rajendran as Andhra Bank Chairman and Managing Director. Previously, he was Executive Director of Bank of Maharashtra. As CMD of Andhra Bank, Rajendran will have a 5-year term or until superannuation, whichever is earlier.

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