Bank of Maharashtra
 | This article needs additional citations for verification. (June 2021) |
 Ek Parivaar, Ek Bank | |
| Company type | Central Public Sector Undertaking |
|---|---|
| BSE: 532525 NSE: MAHABANK | |
| Industry | Banking Financial services |
| Founded | 16 September 1935 |
| Headquarters | 1501, Lokmangal, Shivajinagar, Pune India |
Number of locations | 2022 Branches |
Key people | A. S. Rajeev (MD & CEO) A. B Vijayakumar (Executive Director) |
| Products | |
| Revenue |  ₹13,144.67 crore (US$1.6 billion) (2020)[1] |
| ₹2,418 crore (US$290 million) (2020)[1] | |
| ₹385 crore (US$46 million) (2020)[1] | |
| Total assets | ₹184,082 crore (US$22 billion) (2020)[1] |
| Total equity | ₹5,824.11 crore (US$700 million) (2020)[1] |
| Owner | Ministry of Finance, Government of India |
Number of employees | 13,048 (2020)[1] |
| Capital ratio | 13.65% (2020)[1] |
| Website | bankofmaharashtra |
Bank of Maharashtra is a central public sector undertaking. It is under the ownership of the Ministry of Finance, Government of India. The bank had 29 million customers across the country with 2022 branches as of Mar 2022. It has the largest network of branches of any nationalised bank in the state of Maharashtra.[2] The total business of the bank crossed ₹ 3,15,620 lakh crore as on 31 December 2021.
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. The bank was nationalised in 1969.
A. S Rajeev assumed charge as Managing Director & CEO of the bank on 2 December 2018.[3] A.B. Vijayakumar joined as Executive Director on 10 March 2021. Asheesh Pandey joined as Executive Director on 31 December 2021.
Allen C Pereira, Former Chairman of Bank of Maharashtra was responsible for having opened several branches of the branch in the North East Zones of India where the bank had no presence and helped scaling up. [4]
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
- ^ a b c d e f g "Annual Report of Bank of Maharashtra" (PDF).
- ^ "Aviva, Bank of Maharashtra in bancassurance tie-up - Times of India". The Times of India. Retrieved 15 January 2018.
- ^ "BoM appoints new MD CEO". www.livemint.com. Retrieved 2 December 2018.
- ^ "Allen C A Pereira Appointed Managing Director of Bank of Maharashtra". www.daijiworld.com. Retrieved 5 July 2022.
External links
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