Bank of Maharashtra
Encyclopedia
Bank of Maharashtra is the premier bank of Maharashtra, operating in the country of India
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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, 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. The vision was to reach out and serve the common man and meet all their banking needs. Successive leadership of the Bank and the employees have endeavoured to fulfill their vision. 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 - a truly pan India bank.
As on 30.09.2011 Bank has 1564 Branches in all over India.
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.
* Implementation of CBS in Regional Rural Bank ( RRB )sponsored by the Bank i.e. in "Marathwada Gramin Bank".
* To be everyone's Bank for every banking need and a one stop Financial Services Mall.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
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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, 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. The vision was to reach out and serve the common man and meet all their banking needs. Successive leadership of the Bank and the employees have endeavoured to fulfill their vision. 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 - a truly pan India bank.
Bank's Vision
To be a vibrant, forward looking, techno-savvy, customer centric bank serving diverse sections of the society, enhancing share holders' and employees value while moving towards global presence.As on 30.09.2011 Bank has 1564 Branches in all over India.
The Autonomy
The Bank attained autonomous status in 1998. It helps in giving more and more services with simplified procedures without intervention of Government.Social Aspect
The bank excels in Social Banking, overlooking the profit aspect; it has a good share of Priority sector lending having 38% of its branches in rural areas.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.
Marching Ahead
* ExpAnding the ATM network of the bank to 500 bu March 2011.* Implementation of CBS in Regional Rural Bank ( RRB )sponsored by the Bank i.e. in "Marathwada Gramin Bank".
* To be everyone's Bank for every banking need and a one stop Financial Services Mall.