Bank of Maharashtra (BoM), a public sector bank of India has unveiled a "Retail Bonanza-Monsoon Dhamaka" deal which is in force from 9th August 2021. Under this offer, the bank has waived the processing fee on gold, housing, and car loans till September 30, 2021. According to the media release "BoM presents a slew of special offers for its retail customers to bring-in cheer and joy during this festive season. Bank offers Housing Loan and Car Loan with a ROI starting from 6.90% and 7.30% respectively. The retail products are backed by several lucrative features like Two Free EMIs on regular repayment in Housing Loan, loan facility up to 90% in Car and Housing Loans, No PrePayment / Pre-closure / Part payment Charges. Etc."
"BoM has also revamped its Gold Loan scheme offering Loan up to Rs.20 lakh at a lucrative ROI of 7.10% with zero processing fee up to Rs. One Lakh. Bank has 'Gold Loan Point', a dedicated counter in its select branches to facilitate Gold Loan within 15 minutes," according to the press release of the bank.
"With the Retail Bonanza-Monsoon Dhamaka offer for this festive season, we intend to gift our customers an attractive proposition for availing gold, housing & car loans, who will be benefited from lower rates and waiver of processing fee offer," Mr. Hemant Tamta, Executive Director, Bank of Maharashtra said.
On the other hand, according to the notification of Govt of India dated 18th August 2021 Shri Lalit Kumar Chandel has been appointed as Govt. of India nominee Director on the Board of Bank of Maharashtra w.e.f. 18th Aug 2021. According to the press release of the bank "Shri Lalit Kumar belongs to the Indian Economic Service (1995 batch) and presently posted as Economic Adviser, Department of Financial Services, Ministry of Finance, Government of India, New Delhi. Shri Lalit Kumar is a postgraduate in Economics, MBA and Fellow in Insurance."