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MAHABANK Share Price Discussion

Bank of Maharashtra
NSE: MAHABANK | BSE: 532525 | ISIN: INE457A01014 | Sector: Banks

Breaking News :MAHABANK
Central Committee on banking services and BBB have accepted recommendation of NITI Aayog for privatisation of MAHABANK. VRS is being readied to reduce staff strength by 50% ( for those having 20 year service). Sh Narendra Modi is said to be taking personal interest to ensure that privatisation is done in FY21. *Internal Valuation puts Fair Value at Rs 33* as bank has substantial real estate as well. It is learnt that some parties have already shown interest
*Perhaps only bank which has potential to be 2x in few months*
MAHABANK on CNBC-TV18
Improvement in growth is due to better quality of the Loan book , standard Advance has increased by Rs 8000cr , MSME and Retail was 30% growth during the quarter.
MSME growth was 30%. guidance of 10 to 12% growth for this year , msmse above 20% growth expected corporate growth expected to grow at 5 to 8%.
2) NIM is around of 2.43% because of the low investment , these year we are planning for more advance NIM Target of 2.5 to 2.6% .
3) Slippage were low and there was some interest reveral which has impacted NIM
4) Slippage were low on QoQ and YoY basis . We brought down 800 bps in Gross NPA supported by recovery upgrade and write-off , and Target is to reduce Gross NPA and Net NPA by 200 to 300 bps in this fiscal .
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NSE:MAHABANK price when posted: 12.45
Recent posts in MAHABANK
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Reputation: 6,184 • Sep 14 1:18 AM
Central Bank of India reduces MCLR by 5 bps
The city-based lender has cut the one-year MCLR to 7.10 percent from 7.15 percent, a release said.
Moneycontrol
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N
Reputation: 6,184 • Sep 14 1:33 AM
SBI, Union Bank, BoB, Bank of Maharashtra, IDBI Bank | Check out how much bad loans each bank has written off
As shown in the cases of SBI, Union Bank, BoB, Bank of Maharashtra and IDBI Bank, most of the time, there is no or negligible recovery for the amounts written off
Moneycontrol
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N
Reputation: 6,184 • Sep 8 1:53 AM
Bank of Maharashtra, Indian Overseas Bank slash MCLR by up to 10 bps
Its peer Indian Overseas Bank (IOB) also said it will cut its MCLR by 10 basis points (bps) across all tenors effective September 10.
Moneycontrol
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N
Reputation: 6,184 • Sep 7 2:31 AM
Bank of Maharashtra, Indian Overseas Bank slash MCLR by up to 10 bps
State-run Bank of Maharashtra has slashed its marginal cost of funds based lending rate (MCLR) by up to 10 basis points for select tenors effective Monday.
The Economic Times
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Reputation: 6,184 • Aug 27 6:21 AM
Stock market update: Nifty PSU Bank index rises 2%; Bank of India climbs 3%
The index was trading 1.75 per cent up at 1537.5.
The Economic Times
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Reputation: 6,184 • Aug 26 6:31 AM
Stock market update: PSU Bank stocks rise; Bank of India gains 1%
The Nifty PSU Bank index was trading 0.41 per cent up at 1512.9.
The Economic Times
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