Bank of Maharashtra, one of the leading public sector banks in India, announced that the bank have decided to revise the bank's base rate from 10.40% p.a. to 10.25% p.a. with effect from Dec. 15, 2014.

Earlier, Foreign Institutional Investors (FIIs) have raised shareholding in Bank of Maharashtra. FIIs shareholding increased 1 basis point to 0.49% at the end of June 2014 quarter from 0.48% as on Mar. 31, 2014. Also, domestic institutional investors' (DIIs) shareholding went up 5 bps to 7.11% at the end of June 2014 quarter from 7.06% as on Mar. 31, 2014. Under DIIs, insurance companies held maximum stake of 5.84%, followed by financial institutions / banks (1.26% stake) and mutual funds / UTI (0.01% stake).

Shares of the bank gained Rs 0.35, or 0.82%, to trade at Rs 43. The total volume of shares traded was 27,229 at the BSE (11 a.m., Thursday).