The bank's capital adequacy ratio as of March 31 was at 11.94 per cent. Bank of Maharashtra did not receive any money during the last round of recapitalisation by the government, worth around Rs 6,900 crore.
This platform allows smaller businesses to raise capital from a large group of investors and promote and sell their goods.
“Despite the new government coming in, despite optimism in the country, despite great Budget propensity to raise capital in primary market in this country is very subdued,†said UK Sinha.
The figure is already much higher than Rs 13,663 crore that was raised through the Qualified institutional placements (QIPs) route in the entire 2013-14.
The company's net profit stood at Rs 36.4 crore versus Rs 7.7 crore (YoY) and its EBITDA margins at 45.9 percent versus 23.8 percent (YoY).
According to latest data available with market regulator Securities and Exchange Board of India (Sebi), Indian firms garnered a total of Rs 35,214 crore from the debt on a private placement basis route in June, higher than Rs 33,759 crore garnered in May.
VA Joseph, chairman and CEO of South Indian Bank says that gold yields around 12% on an average. He further adds that the company plans to raise capital worth Rs 1,000 crore via qualified institutional placement (QIP) issue.