Next round of capital raise to reduce govt holding below 75%: BoM MD

Bank of Maharashtra plans to further raise capital to reduce government holding below 75% and comply with Sebi's MPS norms. Currently, the government's stake is 79.6%. The bank reported a 36% increase in net profit to Rs 1,406 crore for Q3FY25, with a 19.37% growth in Net Interest Income and improved asset quality indicators.