Bank of Maharashtra
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| Type | Public BSE & NSE:MAHABANK} |
|---|---|
| Industry | Banking Capital Markets and allied industries |
| Founded | 1935 |
| Headquarters | Bank of Maharashtra, Lokmangal Shivajinagar Pune India |
| Key people | SHRI A.S. BHATTACHARYA , Chairman |
| Products | Loans, Credit Cards, Savings, Investment vehicles etc. |
| Revenue |   6,093.94 crore (US$1.34 billion) [1] |
| Total assets | Rs. 481 bn |
| Website | www.bankofmaharashtra.in |
Bank of Maharashtra (Marathi: बँक ऑफ महाराष्ट्र) is the premier bank of Maharashtra, operating in the country of India. Registered on 16th Sept 1935 with an authorized capital of Rs 10.00 lakh and commenced business on 8th Feb 1936.
Known as a common man's bank since inception[citation needed], its initial help to small units has given birth to many of today's industrial houses. After nationalization in 1969, the bank expanded rapidly. It now has 1375 branches (as of 31 March 2008) all over India. The Bank has the largest network of branches by any Public sector bank in the state of Maharashtra. The Bank was founded by a group of visionaries led by the Late V. G. Kale and the Late D. K. Sathe and registered as a Banking Company on 16 September, 1935 at Pune. Today,Bank of maharshtra has over 12 million customers across the length and breadth of the country served through 1506 branches in 23 states and 2 union territories.[citation needed]
As on 30.09.2011 Bank has 1564 Branches in all over India.
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[edit] The Autonomy
The Bank attained autonomous status in 1998. It helps in giving more and more services with simplified procedures without intervention of Government.
[edit] Other Attributes
Bank is the convener of State level Bankers committee. Bank offers Depository services and Demat facilities at 131 branches. Bank has a tie up with LIC of India and United India Insurance company for sale of Insurance policies. All the branches of the Bank are fully computerised.
[edit] See also
[edit] References
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