Bank of Maharashtra , a prominent public sector bank, has joined forces with SBI Card to launch a new co-branded credit card, marking a significant expansion in the credit card market. The partnership introduces the 'Bank of Maharashtra SBI Card', offering three distinct variants tailored to meet diverse customer needs.

Three Tiers of Benefits

The new credit card lineup includes:

1. ELITE
2. PRIME
3. SimplySAVE

Each variant is designed to cater to different customer segments, promising premium shopping experiences and a range of benefits.

Features and Advantages

The Bank of Maharashtra SBI Card boasts an array of attractive features:

• Accelerated reward points
• Fuel surcharge waiver
• Utility bill payment options
• Travel and dining discounts
• Contactless payment functionality

These features combine Bank of Maharashtra's extensive reach with SBI Card's digital capabilities, offering cardholders a blend of convenience and rewards.

Availability and Accessibility

The co-branded credit cards will be available on both RuPay and VISA platforms, ensuring wide acceptance at millions of merchant outlets globally. Interested customers can apply for these cards through Bank of Maharashtra branches, making the application process accessible to a broad customer base.

Bank Profiles

Bank of Maharashtra

• Customer base: Over 3 crore
• Total business: Exceeding ₹5.46 lakh crore

SBI Card

• Cards in force: Over 20 million

This partnership leverages the strengths of both institutions, combining Bank of Maharashtra's extensive customer reach with SBI Card's expertise in the credit card market. The collaboration aims to provide enhanced financial services and rewards to customers across various segments, potentially reshaping the credit card landscape in India.

The launch of this co-branded credit card reflects the growing trend of partnerships between traditional banks and specialized financial service providers, aimed at offering more comprehensive and competitive products to consumers.

Bank of Maharashtra (BoM) recently conducted a series of non-deal road shows, meeting with prominent institutional investors and analysts on August 11-12, 2025. The bank's initiative to engage with key players in the financial sector underscores its commitment to maintaining transparent communication with the investment community.

Investor Meetings

The bank held one-on-one meetings with six major institutional investors:

1. UTI Asset Management
2. Tata Asset Management
3. Aditya Birla Sun Life Insurance
4. Motilal Asset Management
5. Kotak Mahindra Asset Management
6. Kotak Mahindra Life Insurance

All meetings were conducted in physical mode, allowing for direct and personal interactions between the bank's representatives and the investors.

Transparency and Compliance

In line with regulatory requirements and best practices in corporate governance, Bank of Maharashtra has emphasized that these meetings strictly adhered to disclosure norms. The bank confirmed that only publicly available information was discussed during these investor interactions, with no unpublished price-sensitive information being shared.

This approach aligns with the Securities and Exchange Board of India (SEBI) regulations on fair disclosure and investor relations. The bank's prompt disclosure of these meetings through official channels demonstrates its commitment to transparency and compliance with listing obligations.

Implications for Investors

While non-deal road shows do not involve immediate securities transactions, they serve as an important platform for institutional investors to gain insights into a company's operations, strategy, and market position. For Bank of Maharashtra, these meetings provide an opportunity to showcase its performance and outlook to significant players in the asset management and insurance sectors.

The participation of major firms like UTI Asset Management, Tata Asset Management, and others indicates a strong interest in understanding BoM's current position and future prospects. This engagement could potentially influence future investment decisions and market perceptions about the bank.

Conclusion

Bank of Maharashtra's proactive approach in conducting these non-deal road shows reflects its efforts to maintain open lines of communication with the investment community. As the financial sector continues to evolve, such interactions play a crucial role in building investor confidence and ensuring that key stakeholders remain well-informed about the bank's developments and strategies.