Bank of Maharashtra, one of the leading public sector banks in India, witnessed a fall in share price on Wednesday after the bank said that it has not taken any decision to merge 450-500 loss-making branches in FY18.

Shares of Bank Of Maharashtra are trading at Rs 35.20, down Rs 1.85, or 4.99% at the Bombay Stock Exchange (BSE) on Wednesday at 12:52 p.m.

The scrip has touched an intra-day high of Rs 37.00 and low of Rs 35.10. The total volume of shares traded at the BSE is 92,567.

Total volume of shares traded on the bourses today was higher by 65.86% to 700,213 compared with 22-day average volume of 422,168.