Bank of Maharashtra shares hit record low after CEO's arrest
Bank of Maharashtra shares slumped as much as 7% to hit a fresh record low on Thursday, following the arrest of CEO Ravindra Marathe in a cheating case. The Pune police also arrested an executive director, and former CMD of the bank. The case relates to alleged â¹2,043 crore fraud by Pune-based developer DS Kulkarni alias DSK and his companies.