RBI says no to Maha Bank proposal on setting off Rs 7,360 cr losses
The bank's board and shareholders approved setting off accumulated losses of Rs 7,360.29 crore as of March 31, 2019, against the balance lying in share premium account and revenue reserve account of bank as on date of set-off.
State-run Bank of Maharashtra on Wednesday said the Reserve Bank has denied permission to settle its accumulated losses of Rs 7,360 crore against the balance lying in its share premium account and revenue reserve account.
The bank's board and shareholders ap
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