Bank of Maharashtra — Important, 13-02-2025: General Updates

Bank of Maharashtra will exercise the call option for repayment of its Basel III compliant Tier II Bond (INE457A08050), amounting to ₹600 crore, on March 6, 2025. The Reserve Bank of India has granted approval for this action. The bond, which was allotted on March 6, 2020, has a term of 10 years with an annual coupon rate of 8.70%. The record date for this operation is set for February 20, 2025. This decision may positively impact the bank’s financial structure by allowing it to manage its capital more effectively. Shareholders should watch closely for the financial consequences this may yield in the coming periods.