Bank of Maharashtra is an Indian bank based in the city of Pune. The bank was established in the year 1935 with an initial authorized capital worth Rs. 10.00 Lacs, although it became operational in the early phase of the next year. The bank got nationalized by the Government of India in the year 1969. With a total number of 1421 branches located all over India as of April 2009, the bank claims to have the largest number of branches within the state of Maharashtra, among all the Public Sector banks.
Commonly known as a common man's bank, Bank of Maharashtra adopts a
philosophy of "Technology with personal touch", and follows
its motto stating "One Family, One Bank, Bank of Maharashtra".
All the branches of Bank of Maharashtra have been fully computerized,
with Depository services and Demat facilities being offered at 131
branches as of April 2009. The bank aims at increasing its ATM network
from 345 to 500 soon, apart from planning to install Biometric ATMs at
some selected branches. Apart from it, introduction of Phone Banking,
Internet Banking and Mobile Banking is also on the cards.
Apart from providing regular banking services to the customers, Bank of
Maharashtra has established two Joint Ventures to fulfill its other
commitments towards the general public and society. These Joint Ventures
are M-SETI and Mahabank Info Centre. Mahabank Self-Employment Training
Institute (M-SETI) is an effort initiated by Mahabank Agricultural
Research & Rural Development Fund (MARDEF), a trust run by Bank of
Maharashtra receiving help from National Bank for Rurl Development
(NABARD). The institute runs various self-employment oriented training
courses for the rural unemployed youth from the districts of Pune,
Kolhapur, Satara, Sangli, Nashik, Ahmednagar, Jalgaon, Dhule and
Mahabank Info Centre is a yet another initiative by Bank of Maharashtra
aimed at providing various retail baking related information to the
customers, and enabling smoother operations for them.
Bank of Maharashtra
Lokmangal, 1501, Shivajinagar, Pune (Maharashtra) - 411 005