Bank of Maharashtra (BoM) has set record dates for annual interest payments on various bond issues totaling Rs 5,119.70 crore. The announcement, made in compliance with SEBI regulations, covers 11 different bond series with interest payments due between September 1, 2025, and March 31, 2026.

Bond Details and Interest Rates

The bonds include:

1. Basel III Additional Tier I (AT1) bonds worth Rs 1,590.00 crore
2. Basel III Tier II bonds worth Rs 1,917.70 crore
3. Long Term Infrastructure bonds worth Rs 1,612.00 crore

Interest rates on these bonds range from 7.70% to 8.75%, reflecting the bank's diverse funding strategy and market conditions at the time of issuance.

Record Dates and Payment Schedule

The record dates for these bonds span from August 24, 2025, to March 9, 2026. Here's a breakdown of the major bond series and their respective details:

*Note: Payment will be made on the next working day due to a holiday.

Holiday Adjustments

The bank has noted that for some bonds, the interest payment dates fall on holidays. Specifically, payments due on October 21, 2025, December 7, 2025, and December 14, 2025, will be processed on the next working day.

This announcement by Bank of Maharashtra demonstrates the bank's commitment to transparency and compliance with regulatory requirements. It also provides bondholders with clear information about upcoming interest payments, allowing them to plan accordingly.

The diverse range of bonds, including Basel III compliant and infrastructure bonds, reflects the bank's strategy to meet regulatory capital requirements while also supporting long-term infrastructure development.

Bank of Maharashtra , a prominent public sector bank, has announced the appointment of Devesh Verma as its new General Manager of Digital Transformation, effective August 4, 2025. This strategic move underscores the bank's commitment to enhancing its digital capabilities and staying competitive in the rapidly evolving banking landscape.

A Tech-Savvy Leader at the Helm

Devesh Verma, 38, brings a wealth of experience and expertise to his new role. With a B.Tech in Information Technology and an Executive Programme in Digital Transformation from the prestigious Indian Institute of Management (IIM) Indore, Verma is well-equipped to lead the bank's digital initiatives.

Extensive Banking Sector Experience

Verma's appointment comes on the back of an impressive 17-year career in the banking sector, with a specific focus on digital transformation initiatives. His diverse experience spans across several notable financial institutions:

• Poonawala Fincorp
• Kotak Mahindra Bank
• State Bank of India (SBI)
• HDFC Bank
• ICICI Bank (where he served as Deputy CTO in his most recent role)

This extensive background in various banking environments positions Verma well to understand the unique challenges and opportunities in digital transformation within the banking sector.

Expectations and Challenges

As the new General Manager of Digital Transformation, Verma is expected to spearhead Bank of Maharashtra's efforts in leveraging technology to improve customer experience, streamline operations, and introduce innovative digital banking solutions. His appointment comes at a crucial time when banks are increasingly focusing on digital strategies to meet changing customer expectations and compete with fintech disruptors.

Official Announcement

The bank officially informed the stock exchanges about this appointment in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made through a filing signed by Vishal Sethia, Company Secretary & Compliance Officer of Bank of Maharashtra.

This appointment reflects Bank of Maharashtra's proactive approach to digital transformation and its commitment to staying at the forefront of technological advancements in the banking sector. As Devesh Verma takes on this crucial role, stakeholders will be keenly watching the bank's digital initiatives and their impact on its overall performance and customer satisfaction in the coming years.