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Bank of Maharashtra - Updates

With reference to the earlier announcement dated December 22, 2006 regarding the Bank’s decision to establish General Insurance Joint Venture in partnership with M/s. Shriram Financial Services Holdings P Ltd, Chennai and Sanlam Ltd of South Africa, has now informed BSE that the terms of the joint venture could not be finalized as per the Bank’s requirement and hence the Bank has opted out of the said Joint Venture.

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