NEWS & ADVICE : CAR LOANS
Bank of Maharashtra expects next capital infusion in fiscal end
By Vaibhav Aggarwal
Aug 18, 2010
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Public sector lender, Bank of Maharashtra is expecting a second round of capital infusion from the center by the end of this fiscal, said a top official of the bank.

The bank had received the first round of capital infusion worth Rs 5.88 million in the month of July.

Executive Director M G Sanghvi said that the bank will be unable to meet the provision coverage ratio of 70% by end of September as has been directed by RBI.


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