Sushil Muhnot

"The meet was held to seek shareholders consent to raise Rs 1,000 crore by way of FPO/ Rights issue/ QIPs etc to meet capital requirements as per RBI's Basel III norms to tap future growth opportunities," Bank of Maharashtra said in a release today.

Bank of Maharashtra sees gross NPAs hovering around 8% in FY16

State-run Bank of Maharashtra sees its gross non-performing assets or bad loans to be about 8 percent of gross advances in 2015-16, a top official said.

RBI policy review: Rajan faces calls to pull the trigger

Finance Minister Arun Jaitley earlier in the day pitched for policy easing, saying high rates could lead to a sluggish economy.

Bank of Maharashtra to auction Rs 500 crore NPAs in Sept

Meanwhile, the bank will receive Rs 394 crore from the government in the current financial year which will help it shore up its capital adequacy ratio.

Bank of Maharashtra eyes Rs 4,000-cr fund raising

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.

Will now focus on profitability than growth: Bank of Maha

“Slippages in this quarter have been Rs 1,300 crore. However the most difficult part is over,” Sushil Muhnot CMD, Bank Of Maharashtra said in an interview with CNBC-TV18.

Deposit rate hike not to impact bank margins: Experts

The markets have been exercised with a lot of these fears about inflation, shrinking margins. Banks have underperformed in last 3 months. Are these fears warranted? R Sridharan, MD of State Bank of India and Sushil Muhnot, ED at IDBI Bank discuss on CNBC-TV18.