Bank of Maharashtra : Reaffirmation of Ratings on securities by Acuite Ratings & Research Limited.
December 20, 2023 at 04:41 am EST
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AX1/ISD/STEX/99/2023-24
Date: 20th December, 2023
The General Manager
The Vice President
Department of Corporate Services,
Listing Department,
BSE Ltd.,
National Stock Exchange of India Ltd.,
P.J Towers,
Exchange Plaza,
Dalal Street, Fort,
Bandra Kurla Complex,
Mumbai-400 001
Bandra (East), Mumbai-400 051
BSE Scrip Code: 532525
NSE Scrip Code: MAHABANK
Dear Sir / Madam,
Sub: Reaffirmation of Ratings on securities by Acuite Ratings & Research Limited.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Acuite Ratings & Research Limited has reaffirmed its ratings on Bank's securities on 19.12.2023 as below:
Sr.
ISIN
Name of Instrument
Coupon
Rated amount
Rating action
No.
Rate
(Rs.Crore)
1
INE457A08100
Basel III AT1 Bonds
8.75
290.00
ACUITE AA /Stable
Reaffirmed
2
INE457A08118
Basel III AT1 Bonds
8.74
710.00
ACUITE AA /Stable
Reaffirmed
3
INE457A08134
Basel III AT1 Bonds
8.74
880.00
ACUITE AA /Stable
Reaffirmed
4
INE457A08142
Basel III Tier II Bonds
7.98
515.00
ACUITE AA+ /Stable
Reaffirmed
5
INE457A08068
Basel III Tier II Bonds
7.75
200.70
ACUITE AA+ /Stable
Reaffirmed
6
INE457A08076
Basel III Tier II Bonds
8.00
205.00
ACUITE AA+ /Stable
Reaffirmed
7
INE457A08084
Basel III Tier II Bonds
8.00
100.00
ACUITE AA+ /Stable
Reaffirmed
8
INE457A08126
Basel III Tier II Bonds
8.00
348.00
ACUITE AA+ /Stable
Reaffirmed
9
INE457A08159
Basel III Tier II Bonds
7.99
259.00
ACUITE AA+ /Stable
Reaffirmed
This information is given in compliance with Regulation 30 and 55 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Thanking you.
Yours faithfully,
For Bank of Maharashtra
NEHAL RAWAT
Digitally signed by
NEHAL RAWAT Date: 2023.12.20 13:49:33 +05'30'
(Nehal Rawat)
Company Secretary & Compliance Officer
प्रधान कार्ाालर्/ Head Office: "Lokmangal", 1501, Shivajinagar, Pune - 411005
Bank of Maharashtra published this content on 20 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2023 09:40:31 UTC.
The Bank of Maharashtra Limited (the Bank) is engaged in providing banking services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The Treasury segment includes investment, balances with banks outside India, interest accrued on investments and related income. The Corporate/Wholesale Banking Segment includes all advances to trusts, partnership firms, companies, and statutory bodies. The Retail Banking Segment includes exposure to the individual person/persons or to a small business, no aggregate exposure to one counterparty exceeds 0.2% of the overall retail portfolio of the Bank, and the maximum aggregated retail exposure to one counterpart is up to Indian Rupee five crores. The Other Banking Operations segment includes all other banking transactions. Its products and services include e-payment taxes, credit cards, doorstep banking, and a new pension scheme, among others.
BANK OF MAHARASHTRA 
