Bank of Maharashtra gains 2%; hikes base rate to 10.40% - The New Indian Express

Bank of Maharashtra gains 2%; hikes base rate to 10.40%

Published: 17th April 2014 01:19 PM

Last Updated: 17th April 2014 01:19 PM

Bank of Maharashtra (BoM), one of the leading public sector banks in India, rised on Thursday after the base rate of the bank is increased by 15 bps from 10.25% p.a. to 10.40% p.a. on monthly compounding basis, with effect from Apr. 21, 2014. Shares ofthebankare trading at Rs 38.30, up Rs 0.75, or 2% at the Bombay Stock Exchange (BSE) on Thursday at 11:28 a.m.The scrip has touched an intra-day high of Rs 39 and low of Rs 37.85. The total volume of shares traded at the BSE is 43,816.In the earlier session, the shares fell 2.47%, or Rs 0.95, at Rs 37.55. Currently, the stock is trading down 38.87% from its 52-week high of Rs 62.65 and above 31.62% over the 52-week low of Rs 29.10.

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