PUBLIC SECTOR BANKS IN INDIA – BANK OF MAHARASHTRA
PUBLIC SECTOR BANKS OF INDIA – BANK OF MAHARASHTRA
Bank of Maharashtra is an Indian Public Sector Bank. It Was Registered on 16th Sept 1935 with an authorized capital of Rs 1000 lakh and commenced business on 8th Feb 1936. It is Known as a common man’s bank since its 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 of Maharashtra 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 Sep, 1935 at Pune City. The vision was to reach out and serve the common man and meet all their banking needs. And 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 and served through 1506 branches in 23 states and 2 union territories all Over India.
