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8.74%Bank Of Maharashtra (P) Call : 08 Sep 2027

ISIN:
INE457A08118
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Taxable

Tax Category

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08 Sep, 2027

Call Date
(3 Yr 1 Mo 17 D to call)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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08 Sep, 2022

Allotment Date

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NA

Put Date

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08 Sep, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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Yes

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AA / Stable
IVR
AA / Stable
ACUITE
Tier 1

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Bank Of Maharashtra

Bank of Maharashtra was registered in 1935 in Pune as a public limited company, named The Bank of Maharashtra Ltd., with the objective of assisting small business enterprises, traders and self-employed individuals. Subsequently, with an increasing scale of operations, it became a scheduled bank in 1944 and acquired four small banks (Bank of Konkan Ltd., Bank of Nagpur Ltd., Bharat Industrial Bank Ltd. and Banthia Bank Ltd.) to expand its operations. BoM was nationalized, along with 13 other banks, in July 1969 and has remained a mid-sized public sector bank.

The ratio in FY24 is 0.52x and in FY23 it was 1x, indicating a slight decrease in the debt , due to decrease in the borrowings in FY24.

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Debt/EBITDA

The ratio in FY24 is 1.38x  and in FY23 it was 1.32x This indicates that the debt servicing ability of the issue is increased due to increase in profitability.

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Interest coverage ratio

Recent News
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Board of Directors have revised the record date

May 31, 2023 | Bank Of Maharashtra

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Bank of Maharashtra looks to increase its business in Gujarat by 25%

Apr 12, 2024 | Bank Of Maharashtra

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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
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