Bank of Maharashtra gains on launching co-branded credit card with SBI Card
This partnership aims to provide enhanced value and convenience, catering to the diverse lifestyle and evolving needs of the customers across the country

Bank Of Maharashtra is currently trading at Rs 55.12, up by 0.23 points or 0.42% from its previous closing of Rs 54.89 on the BSE.
The scrip opened at Rs 54.89 and has touched a high and low of Rs 55.23 and Rs 54.72 respectively. So far 175352 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 63.84 on 22-Aug-2024 and a 52-week low of Rs 38.11 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 56.00 and Rs 54.30 respectively. The current market cap of the company is Rs 42380.47 crore.
The promoters holding in the company stood at 79.60%, while Institutions and Non-Institutions held 12.29% and 8.11% respectively.
Bank of Maharashtra and SBI Card, India’s largest pure-play credit card issuer, have jointly launched a co-branded credit card - Bank of Maharashtra SBI Card. This one-of-its-kind co-branded credit card has been designed to provide a premium and highly rewarding shopping experience for discerning customers across segments. The Bank of Maharashtra SBI Card has been launched in three variants, Bank of Maharashtra SBI Card ELITE, Bank of Maharashtra SBI Card PRIME, and Bank of Maharashtra SimplySAVE SBI Card. This partnership aims to provide enhanced value and convenience, catering to the diverse lifestyle and evolving needs of the customers across the country.
The Bank of Maharashtra SBI Card will combine the trust and extensive reach of Bank of Maharashtra with the digital-first capabilities and robust value propositions of SBI Card. The co-branded credit card offers a host of compelling benefits, including accelerated reward points, fuel surcharge waiver, utility bill payments, exclusive discounts on travel, dining, shopping, and contactless payment capabilities for a seamless payment experience.
The credit card will be available on RuPay as well as VISA payment platforms and will be accepted across millions of merchant outlets globally. Customers can apply for the credit card through Bank of Maharashtra branches. This partnership marks a significant milestone in the financial ecosystem by leveraging the synergies of a large public sector bank and the largest pure-play credit card issuer to drive financial inclusion and digital payments.
Bank of Maharashtra has the largest network of branches thanany other public sector banks in Maharashtra.