13 Jan 2026 | 3 Mins Read
Bank of Maharashtra sells securities to RBI in OMO auctions
Flipitmoney
Bank of Maharashtra sold Rs 500 crore worth of government securities to the RBI during an Open Market Operation (OMO) purchase auction in December. This was part of the RBI's efforts to infuse Rs 1.50 lakh crore into the banking system. The central bank aims to conduct Rs 2 lakh crore OMO purchase auctions in four tranches.