Bank of Maharashtra is in the limelight after upping the base rate by 15 bps to 10.40% effective April 21. The bank is quoting at Rs 38, stronger by 2%, on the BSE.
The base rate is increased by 0.15% to 10.40% from 10.25% on monthly compounding basis, Bank of Maharashtra said in a statement to the BSE. The bank made the announcement after market hours on Wednesday.
Earlier this month, the Reserve Bank of India had maintained the status quo on the key policy rates (repo) taking into account inflationary expectations.
The stock has touched an intraday high of Rs 39 and low of 37.85 thus far.
The base rate is increased by 0.15% to 10.40% from 10.25% on monthly compounding basis, Bank of Maharashtra said in a statement to the BSE. The bank made the announcement after market hours on Wednesday.
Earlier this month, the Reserve Bank of India had maintained the status quo on the key policy rates (repo) taking into account inflationary expectations.
The stock has touched an intraday high of Rs 39 and low of 37.85 thus far.