Bank Of Maharashtra Seoni IFSC code, MICR code, Address

Bank Of Maharashtra Branches in Seoni

Bank Of Maharashtra has 9 branches in Seoni District of Madhya Pradesh.

For IFSC Branch Details Click Here

Personal Loan
@ 10.99%*

Home Loan
@ 8.35%*

Gold Loan
@ 10.50%*

Business Loan
@ 13.50%*

Loan Against Property
@ 8.50%*

Car Loan
@ 9.25%*

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Bank Of Maharashtra Branches in Seoni

To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the Branch Name from the table below.

Branch Name, Click for more detail	City
ASTHA	ASTHA
BHOMA	BHOMA
DHARNA	DHARNA
KHAIRANJI	KEOLARI
KHAWASA	KHAWASA
KURAI	KURAI
PALARI	PALARI
SEONI	SEONI
UGLI	KEOLARI

Other Districtwise Branches of Bank Of Maharashtra in Madhya Pradesh

Seoni Ifsc Code

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Loan Amount	Cashback
Rs. 1 cr and above	Rs. 5,000
Rs. 75 lakh - less than Rs. 1 cr	Rs. 3,000
Rs. 50 lakh - less than Rs. 75 lakh	Rs. 2,000
Rs. 35 lakh - less than Rs. 50 lakh	Rs. 1,000
Rs. 20 lakh - less than Rs. 35 lakh	Rs. 500
Less than Rs. 20 lakh	Rs. 200

Bank Of Maharashtra News - Aug 2017

2017-08-07 : Bank of Maharashtra announces reduction in MCLR rates
Bank of Maharashtra has slashed its marginal cost based lending rate (MCLR). For overnight, one month and three month maturities, the rates have been revised to 8.15 per cent, 8.20 per cent and 8.25 per cent respectively. The new MCLR rate for six month and one year is 8.60 per cent and 8.70 per cent respectively. The new MCLR rates are effective from 7th August, 2017.
2017-06-20 : RBI initiates prompt corrective actions against Bank of Maharashtra over bad loans
Reserve Bank of India (RBI) has initiated a prompt corrective action (PCA) against Bank of Maharashtra after evaluating its high net non-performing assets (NPAs) and negative return on assets (RoAs). The action taken by RBI will help in improving the profitability, efficiency and quality of its assets by reducing the bad loans.
2017-06-16 : Bank of Maharashtra reduces MCLR by 35 bps
Bank of Maharashtra has slashed its marginal cost of funds based lending rate (MCLR) by 35 bps. For overnight, one month and three month maturities, the rates have been revised to 8.30 per cent, 8.35 per cent and 8.40 per cent respectively. However, the bank has kept its MCLR rate unchanged at 8.75 per cent for six month and one year maturity. The new rates are effective from 7th June, 2017.
2017-06-10 : Bank of Maharashtra signs MoU with livestock and crop registry of India
Bank of Maharashtra has signed a memorandum of understanding (MoU) with livestock and crop registry of India for livestock registration. As per the agreement, the live cattles will be registered under livestock and crop registry of India (LCRI) for which the bank has provided loans. With this scheme, the bank aims to reduce the illegal sale of livestock purchased out of bank finance.
2016-06-12 : Bank of Maharashtra books Rs 120 cr loss in Q4
As per the results of Q4FY16, Bank of Maharashtra reported a Net Loss of Rs 119.84 crore due to rise in bad loans. The bank reported a decline in its Total Income reported at Rs 3,566.68 crore in March quarter. Asset quality showed signs of weakening as the Gross NPAs as a percentage to Total Advances increased to 9.34 percent from 6.33 percent in the year ago period. The Net NPAs also increased to 6.35 percent compared to 4.19 percent at the end of March 2015.

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