Bank of Maharashtra

Bank of Maharashtra was registered on September 16, 1935 with an authorized capital of Rs 10.00 lakh. The Bank started its operations on February 8, 1936. Ever since its inception, Bank of Maharashtra is known as common man's bank. The Bank's initial help to small units has given birth to many of today's industrial houses.

In July 1969, Bank of Maharashtra, was nationalized along with 13 other banks. After nationalization, the Bank expanded rapidly and today its branch network comprises of 1292 branches and 30 extension counters spread over 22 states and 2 union territories (as of 30th September 2005). Bank of Maharashtra has the largest network of branches by any Public sector bank in the state of Maharashtra.

Bank of Maharashtra attained autonomous status in 1998. It has helped the Bank in providing more and more services with simplified procedures without intervention of Government. Bank of Maharashtra excels in Social Banking, and it has 46% of its branches in rural areas. By March 2006 the Bank intends to achieve computerization of remaining 584 rural and semi urban branches by providing a cost effective small branch automation solution for rendering effective customer service to rural India.

URL :www.bankofmaharashtra.in