Bank of Maharashtra (BOM), a premier Nationalized Bank has reportedly unveiled ‘Mahabank Royal Savings Account’, a savings bank deposit scheme exclusively for high net worth Individuals having a minimum monthly average balance (MAB) of Rs 1 lakh in their account. The accountholder of this new deposit will get some special benefits like assistance of a relationship manager, free accident death insurance cover, higher transaction limit on ATM-cum-debit card on merchant point of sale terminals, and free national electronic funds transfer/real time gross system transactions through Internet banking.
Bank of Maharashtra has reported a fall of 71.77% in its net profit at Rs 46.85 crore for the quarter ended September 30, 2013 as compared to Rs 166.01 crore for the same quarter in the previous year. Total income of the bank increased by 31.32% at Rs 3196.56 crore for quarter under review as compared to Rs 2434.09 crore for the quarter ended September 30, 2012.
Bank of Maharashtra has reported a fall of 71.77% in its net profit at Rs 46.85 crore for the quarter ended September 30, 2013 as compared to Rs 166.01 crore for the same quarter in the previous year. Total income of the bank increased by 31.32% at Rs 3196.56 crore for quarter under review as compared to Rs 2434.09 crore for the quarter ended September 30, 2012.
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