State-owned Bank of Maharashtra is confident of meeting the minimum public shareholding requirement of 25 per cent after another tranche of fundraising in the current fiscal, Managing Director & CEO Nidhu Saxena said on Monday.

Speaking to reporters on the sidelines of FIBAC 2025, organised by FICCI and the Indian Banks’ Association, Saxena said the upcoming share sale would help the bank strengthen its capital adequacy while reducing the government’s stake, as per PTI. 

The finance ministry has directed five public-sector banks to raise public shareholding to 25 pc by 1 August 2026.
Currently, the government holds 79.6 per cent stake in the Pune-headquartered bank.