Bank of Maharashtra
 Ek Parivaar, Ek Bank | |
| Company type | Public Sector Bank |
|---|---|
| BSE: 532525 NSE: MAHABANK | |
| Industry | Banking Financial services |
| Founded | 1935 |
| Headquarters | 1501, Lokmangal, Shivajinagar, Pune India |
Key people | A. S. Rajeev (MD & CEO)[1] |
| Products | consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards, |
| Revenue |  ₹13,144.67 crore (US$1.6 billion) (2020)[2] |
| ₹2,847.06 crore (US$340 million) (2020)[2] | |
| ₹388.58 crore (US$47 million) (2020)[2] | |
| Total assets | ₹168,867.18 crore (US$20 billion) (2020)[2] |
| Total equity | ₹5,824.11 crore (US$700 million) (2020) [2] |
| Owner | Government of India (92.49%) [2] |
Number of employees | 12,532 (March 2020) [2] |
| Capital ratio | 13.52% (2020)[2] |
| Website | www |
Bank of Maharashtra is a major public sector bank in India. The Government of India holds 87.74% of the shares.[3] The bank had 15 million customers across the country with 1,897 branches as of 5 April 2016. It had the largest network of branches of any public sector bank in the state of Maharashtra.[4]
History
The bank was founded by V. G. Kale and D. K. Sathe in Pune, India.
The bank was registered on 16 September 1935 with an authorized capital of US$1 million and became operational on 8 February 1936. It provided financial assistance to small business and gave birth to many industrial houses. After nationalization in 1969, the bank expanded rapidly.[citation needed]
Narendra Singh, who assumed the office of Chairman and Managing Director from 1 February 2012, retired on 30 September 2013 and was succeeded by Sushil Muhnot and Ravindra Prabhakar Marathe respectively. A.S. Rajiv became Managing Director and CEO on 1 December 2018.[5]
See also
- Banking in India
- List of banks in India
- Reserve Bank of India
- Indian Financial System Code
- List of largest banks
- List of companies of India
- Make in India
References
- ^ "BoM appoints new MD CEO". www.livemint.com. Retrieved 2 December 2018.
- ^ a b c d e f g h "Annual Report of Bank of Maharashtra" (PDF).
- ^ "Bank of Maharashtra to raise Rs. 394 crore from govt". Retrieved 19 February 2017.
{{cite web}}: CS1 maint: url-status (link) - ^ "Aviva, Bank of Maharashtra in bancassurance tie-up - Times of India". The Times of India. Retrieved 15 January 2018.
- ^ "Bank of Maharashtra, Central Bank of India and UCO Bank Raise Rs 2,348 Crore From Govt". News18. Retrieved 15 January 2018.
