Bank of Maharashtra

Indian public sector bank

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
Find sources: "Bank of Maharashtra" – news · newspapers · books · scholar · JSTOR (June 2021) (Learn how and when to remove this message)

|

Bank of Maharashtra

Ek Parivaar, Ek Bank (One family, one bank)

Company type| Public

Traded as

| BSE: 532525
NSE: MAHABANK
Industry| Banking
Financial services
Founded| 16 September 1935; 89 years ago (1935-09-16)
Headquarters| 1501, Lokmangal, Shivajinagar, Pune, Maharashtra India

Number of locations

| 2508 Branches

Key people

| Nidhu Saxena
(MD & CEO)

Rohit Rishi
(Executive Director)

Asheesh Pandey
(Executive Director)
Products|

* Consumer banking
* Corporate banking
* Finance and insurance
* Investment banking
* Mortgage loans
* Private banking
* Private equity
* Savings
* Securities
* Asset management
* Wealth management
* Credit cards

Revenue|  ₹18,178.73 crore (US$2.2 billion) (2023)[1]

Operating income

|  ₹6,099 crore (US$730 million) (2023)[1]

Net income

|  ₹2,602 crore (US$310 million) (2023)[1]
Total assets| ₹267,651 crore (US$32 billion) (2023)[1]
Total equity| ₹21,000 crore (US$2.5 billion) (2023)[1]
Owner| Government of India

Number of employees

| 13,499(2024)[1]
Capital ratio| 18% (2023)[1]
Website| bankofmaharashtra.in

Bank of Maharashtra is an Indian public sector bank headquartered in Pune. The bank had 30 million customers across the country with 2508 branches as of September 2024. It has the largest network of branches of any nationalised bank in the state of Maharashtra. State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms during 2022-23. The Pune-headquartered lender also recorded highest growth in profitability with bottomline growing almost 126 per cent to Rs 2,602 crore during the year.[2]

## History

[edit]

Maharashtra has been a hub of commercial activity for more than nine decades, supported by its dynamic trade networks and resource-rich landscape. Maharashtra has been a progressive region and Banking activity was also started in this region quite early. Historically speaking, the Bank of Bombay established in 1840 was the first commercial bank in Maharashtra. However, the first commercial bank set up in Maharashtra outside Mumbai was The Poona Bank established in 1889 at Pune, followed by the Deccan Bank in 1890 and the Bombay Banking Company in 1898. The Swadeshi movement of the first decade of the 20th Century played a significant role in the emergence of multiple commercial banks.

Outbreak of the First World War leading to the Great Depression took a heavy toll on banks in India. Between 1914 and 1935, as many as 380 banks failed in the country out of which 54 were based in Bombay province. The impact of these failures was felt more in Maharashtra region because certain banks known for a long time were also closed down. The effects of great depression started fading and new enterprises began emerging with new hopes in all spheres of economy including banking.

### Need felt for an Independent Bank for Maharashtra

[edit]

The Mahratta Chamber of Commerce (MCC) was established in Poona in 1934 and its Founder Secretary Shri A. R. Bhat was a great visionary. Shri Bhat initiated for a comprehensive review of banking services available in the region through a special issue of Kesari newspaper released in the memory of Lokmanya Tilak within a few months of establishment of MCC. He ensured that his friend, Shri V. P. Varde, considered a doyen of the co-operative movement, wrote an article on the necessity of a separate bank for Maharashtra, thus launching a public discussion on the subject. While there was no noticeable response to the article of Shri Varde, Shri A. R. Bhat kept on discussing the subject with leaders in Trade and Industry. Shri Bhat ensured that Mahratta Chamber and its Directors took up the issue and held a Conference on Business and Industry in Poona on behalf of the MCC in February1935.

Shri Bhat pushed the proposal for formation of a bank and succeeded in getting the following resolution adopted by the conference: “For providing capital to the trade and industry in Maharashtra, it is essential to establish a Joint Stock commercial bank. The Mahratta Chamber is, therefore, requested to make all the necessary enquiries in that behalf and take appropriate steps for floating such a bank. The business community in Maharashtra is urged to support such an effort.”

The MCC formed a sub-committee consisting of Sarvashri V. G. Kale, D. K. Sathe, N. G. Pawar, G. D. Apte and A. R. Bhat to work out the details. The first meeting of the committee was held on 19 May 1935 in the conference room of the Kesari Mahratta office and besides the committee members, prominent personalities from the city like Shri Babasaheb Kamat, the then President of the MCC, J. S. Karandikar, Rajabhau Godbole, Govindrao Pandit, Damuanna Potdar, S. R. Sardesai, Baburao Gokhale and N. N. Kshirsagar among others participated in deliberations.

Another meeting of the sub committee with wider public representation was followed on 27 May 1935 in the meeting hall of Kesari Mahratta office and decisions on matters like the number of Directors on the Board of the proposed bank (maximum to be 11 members), amount of each share (to be ₹50/-) and primary condition for becoming a Director (to hold a minimum of 500 shares) were taken.

The Bank was formally registered under the Indian Companies Act, on the auspicious day of 16 September 1935. The first Board of Directors of The Bank of Maharashtra Ltd was constituted with following members:

1. Prof. V. G. Kale, an ex-member of Indian Tariff Board, a reputed economist and educationist.
2. Shri D. K. Sathe, a businessman, a prominent social worker who had experience of Co-operative banking.
3. Shri V. P. Varde, a leading figure in the co-operative movement and who provided major impetus to the move.
4. Shri S. G. (alias Annasaheb) Marathe of M/s. V. R. Ranade and Sons.
5. Shri N. G. Pawar, Engineer and Contractor
6. Shri V. T. Ranade, of M/s. V. R. Ranade and Sons, a leading firm of Engineers and Contractors.
7. Shri Raghunathrao Sohoni, a leading merchant who had initially moved the resolution for formation of the Bank for Maharashtra.
8. Shri M. R. Joshi, a leading paper merchant from Pune.
9. Shri B. M. Gupte, Chairman of the Poona Central Co-operative Bank.
10. Shri Shet Furdoonji Pudumji of Deccan Mills (joined the Board a few days after registering the Bank).

### Prospectus of the Bank

[edit]

### Issue on 21-10-1935

[edit]

“This bank is intended to carry out commercial banking of all kinds. For the past many years Maharashtra has had no Joint Stock Commercial bank of its own and it is with a view to meet the long felt want in that respect that this new banking institution has been brought into existence. Various problems relating to Indian Banking have been recently under discussion and a number of Commissions and Committees have reported on these. The interest in them has been further stimulated by the establishment of the Reserve Bank of India and the immediate necessity of organizing and developing banking facilities on sound lines is being widely felt. Systematic arrangements for financing of trade, provision of working capital for small and medium-size industries and close association of indigenous bankers with Joint Stock Companies and the Reserve Bank of India are admitted to be the need of the hour and banking institution conducted on sound lines that will play its proper part in this extensive field in Maharashtra has been recognized as an urgent necessity. Outside a few of Indian States today there is not a single large scale Joint Stock bank in the vast territory covering Marathi speaking districts from Ratnagiri in the West to Nagpur in the East and from Khandesh in the North to the borders of Karnataka in the South. Apart from Shroffs and Sowkars who carry on commercial mixed type of banking and according to traditional practice, the banking organization of Maharashtra consists at present of branches of Joint Stock companies which have their head offices in Bombay and elsewhere and cooperative credit institutions. Branches of outside banks working in Maharashtra districts have so far catered for the banking requirements of the public in their own way but they cannot obviously be a substitute for banking institution started and conducted with an avowed object of promoting thrift, encouraging banking habits and developing trade and industry amongst the people of Maharashtra. The co-operative banks have rendered useful services in a limited sphere but there is a vast field outside their own restrictive scope which can be tackled by a large scale bank like the Bank of Maharashtra Limited.’’

* * *

### Commencement of Business

[edit]

Actual business of the Bank commenced in Kitab Mahal building on Laxmi Road, Pune on 6 February 1936 at 9.10 AM by opening some token but prestigious accounts. The formal inauguration of commencement of business took place two days later i.e. on 8 February 1936 at the hands of Sir Sorabji Pochkhanawalla, the then Managing Director of the Central Bank of India Ltd., Bombay. At the end of the first year of working (11 months), the profit earned was ₹635/-

### First Staff Members

[edit]

1. Shri Madhav Vishnu Gokhale (ACIB, London), Manager
2. Shri Vamanrao Khare, Accountant
3. Shri V. D. Khadilkar, Cashier Clerk
4. Shri Krishnaji Bhosale, Sub-staff

### The initial Capital Structure

[edit]

Authorised capital ₹ 10/- lakh (20,000 Shares of ₹ 50/-each) Issued capital ₹ 5/- lakh Called up capital ₹ 2.50 lakh Actual working of the Bank to commence after the sale of 2000 shares

* * *

### 1936-1943

[edit]

* Prof. V. G. Kale, as the first Chairman, steered the Bank with great caution and on sound principles.
* Second branch of the bank was opened at Fort, Bombay in 1938.
* Third branch came up at Deccan Gymkhana, Pune in May 1940.
* Provident Fund scheme for employees introduced in 1941.
* Fourth branch was opened at Nagpur in 1943.
* Plot of land purchased on 25 October 1943 at a cost of ₹1.05 lakh in the prime locality of Bajirao Road, Pune.
* Prof. Kale relinquished chairmanship in 1943 due to ill health and continued on the Board till his death in 1946.

* * *

### 1943-1953

[edit]

* Bank obtained Scheduled Bank status on 26 October 1944.
* Deposits crossed ₹1 crore mark in 1946.
* First branch outside Maharashtra opened in 1946 – Hubli (Mysore State, now Karnataka).
* Safe Deposit Vault services started in 1946 at Solapur.
* The Maharashtra Executor and Trustee Company Ltd., a fully owned subsidiary was established at Pune to undertake business of executership and trusteeship in 1946 with initial capital of ₹1.25 lakh
* Expansion to Andhra Pradesh: Hyderabad branch opened in 1949
* Construction of own building on Bajirao Road, Pune started in 1950 and was completed in 1953 at a cost of ₹5.43 lakh.

* * *

### 1954-1966

[edit]

* The first rural branch at Kirloskarwadi was opened in 1953.
* The Bantia Bank, Panvel merged in 1953.
* Rescued the depositors of Deccan Industrial Bank Ltd. (DIBL) in 1954-55 by accepting 50% liability and took over the business as RBI refused to give license to DIBL.
* Loan for “purchase of a rickshaw”, an innovation in commercial bank lending, sanctioned in 1958.
* Regional Office in Mumbai opened in 1959. Bank celebrated its Silver Jubilee on 18 December 1960 in Pune. Chief Guest was Shri Y. B. Chavan, Chief Minister of the newly formed State of Maharashtra.
* Collection of electricity bills in Bombay, an innovative agency business, launched in 1960.
* The Bank obtained licence from RBI to carry on Foreign Exchange Business in 1960 and started working, appointing correspondents in 34 major countries

* * *

### 1954-1966

[edit]

* Expansion to Madhya Pradesh: Indore branch opened in 1966.
* Entered into Gujarat: Baroda branch opened in 1966.
* Acquired a plot for own building in Mumbai Fort .
* Social Control was imposed on Banks.
* Bank is assigned the role of Convenor Bank for the State Level Bankers' Committee for Maharastra State.

* * *

### 1967 – 1973

[edit]

* Entry in Delhi by opening Karol Bagh branch on 19 December 1969.
* Deposits crossed ₹100 crore mark – 1970.
* Regional Offices in Aurangabad, Nagpur and Nasik opened in 1970.
* Full fledged Staff Training College established in Pune in 1971.
* The IKK 101 super computer was installed in the Bank paving the way for computerization in the Bank’s Head Office in 1972.
* Bank’s Nationalisation – 19 July 1969. No of Branches – 153 Total Deposits – ₹78.53 crore Total Advances – ₹55 crore Total Investments – ₹22.15 crore Total number of Employees – 2692 Position among 14 nationalised banks – 13 (based on Deposits & Advances) – 14 (based on branch network).

* * *

### 1973-1977

[edit]

* A major shift in branch expansion policy was adopted, which paved the way to open more branches outside Maharashtra.
* Branch network spread to Andhra Pradesh, Delhi, Gujarat, Karnataka, Kerala, Madhya Pradesh, Punjab and Uttar Pradesh.
* Represented in Bankers’ Conference in Pakistan.
* Marathwada Grameen Bank, the first RRB, established on 26 August 1976.
* Regional Office opened in Bhopal in 1977.

* * *

### 1977-1983

[edit]

* The deposits of the Bank crossed the figure of ₹500 Crores.
* Initiative for Farmers - During October 1980, “Mahabank Agricultural Research and Rural Development Foundation”, registered as a public trust, was established for undertaking research and extension work and to provide more extensive services to farmers.
* Opened 500th branch in Maharashtra State (671st, all India) at Nariman Point, Bombay, and achieved the distinction of being the first nationalized bank to have more than 500 branches in one state.
* The Pune Stock Exchange was inaugurated on 30 October 1982 and started functioning in the Bank’s premises on Bajirao Road, Pune. The Bank has been instrumental in opening the 11th Stock Exchange of the country and acted as a clearing bank to the PSE providing all the necessary services to the Exchange and its members.
* Regional Offices in Kolkata (1978), Ahmedabad, Delhi, Hyderabad, Kolhapur, Pune Rural, Satara and Solapur (all on 16 April 1979) opened.
* Pune City Region reorganized. Five-tier structure of organization adopted (Central Office, Region, Zone, Division and Branch).

* * *

### 1983-1989

[edit]

* First Advanced Ledger Posting Machine (ALPM) was installed on 9 April 1985 at the Nariman Point branch, Bombay. More ALPMs were installed at various centres subsequently.
* Reorganization to have three-tier structure in 1985 (C.O., Region and Branch).
* Thane Gramin Bank, the second RRB established on 30 March 1986.
* 1000th branch was inaugurated at Indira Vasahat, Bibwewadi, Pune at the auspicious hands of Dr. Shankar Dayal Sharma, the Honourable Vice President of India on 27 December 1987.
* Rural Development Centres at Hadapsar, Pune and Bhigwan (Pune Dist) were opened.
* The Bank opened its first Service Branch in Bombay on 30 December 1987 at the hands of Shri Amitabh Ghosh, Dy. Governor of the Reserve Bank
* The first overseas branch in Mumbai opened in 1988.

* * *

### 1989-1993

[edit]

* Six new regional offices opened at Ahmednagar, Amravati, Indore, Latur (25 June 1991) and Goa (30 August 1991).
* The 55th anniversary of the Bank was celebrated on 8 February 1990 at Lokmangal on which occasion “Mahabank Farmer Credit Card“ was launched at the hands of Shri Amitabh Ghosh, Dy. Governor, Reserve Bank of India. Shri H. K. Firodia, President of the Mahratta Chamber of Commerce, Industries and Agriculture presided over the function.
* Bank entered into “domestic credit card business“ under the Bank of India affiliate programme. With that arrangement, the Bank secured entry in the Master Card world-wide network.
* The year 1990-91 was a year of technological adaptations for the Bank and several steps were taken in the direction of computerization of foreign exchange operations.
* The Bank also became a member of the SWIFT.
* Chairman Club for Branch Managers was introduced.

* * *

### 1993-1995

[edit]

* In the year 1994-95, the Bank entered its Diamond Jubilee Year.
* The Bank excelled in almost all areas of operations. First and foremost, the Bank showed good operating profit and reduced net losses substantially. A number of loss making branches were noticeably reduced. The Bank also achieved almost all the parameters under the MoU entered into with the Reserve Bank of India. Intensive stress on recovery efforts yielded fruits as a result of which the Non Performing Advances (NPAs) were substantially reduced.
* Thane, Mumbai Suburb, Raigad Regional offices opened in 1994.
* Deposits crossed the ₹5000 crore mark in 1994-95.
* Rationalisation of branches was carried in March 1994 and 12 branches were merged with nearest branches without causing any inconvenience to the customers. Various HRD initiatives have been taken including introduction of fast track promotions.

* * *

### 1995-1997

[edit]

* The Bank had the distinction of getting “A” category rating in Annual Financial Inspection of RBI for the year 1995-96 against the earlier rating of “C” category.
* ATM services launched in 1997 at Gadkari Chowk, Dadar, Mumbai, Bajirao Road, Pune & Deccan Gymkhana, Pune branches.
* Construction of Bank's own building in Bandra, Mumbai started in 1996 and was completed in the year 2000.

* * *

### 1997-1998

[edit]

* Strategies for image building and aggressive marketing adopted.
* New Financial services such as Merchant Banking and Credit Card business took momentum. Credit Monitoring System further strengthened.
* Regional Offices in Chennai and Raipur opened in 1998.
* Staff training was given focussed attention.

* * *

### 1998-2000

[edit]

* The Bank joined VSAT network thus heralding further adoption of new technology.
* Depository services and Demat facilities commenced.
* Information Technology Training Institute was established for giving training to the staff exclusively on IT.

* * *

### 2000-2005

[edit]

* New deposit schemes, namely, Pearl and Saffire Schemes, Yuva Yojana, Lokbachat Yojana were launched.
* Mahabill Pay Scheme, for payment of telephone and electricity bills was introduced.
* Entered into a joint venture with Magic Software Enterprises (MSE), Israel and Next Step Infotech Pvt.Ltd. and M/s Magic-e-money was incorporated on 23 November 2000 and commenced working on 19 December 2000. This joint venture catered to all the information technology related needs of the Bank and also sold its products to other banks and financial institutions, both in India and abroad.
* ‘Behavioural Science Learning Centre’, a training centre for employees, was inaugurated in Pune.
* Credit Administration and Monitoring System (CREAM) was implemented by creating comprehensive data base of all borrowal accounts.
* The Bank entered into Bancassurance business by having tie-up arrangement with LIC of India for Life policies and with the United India Insurance Co. Ltd. for non-life policies.
* Organisation structure reorganized to have 4-tier structure (C.O., Circle Office, Regional Office and Branch).
* Bank brought out IPO in March 2004 offering share capital of ₹100 crore to the public with a premium of ₹130 crore (₹13 per share) and listed in BSE and NSE.

* * *

### 2006-2008

[edit]

* On 1 October 2007, the Bank was awarded the Best Bank Award for Solar Water Heating Programme by the Ministry of New and Renewable Energy, Govt of India.
* Tie-up arrangements were made for distibution of mutual fund products with M/s Franklin Templeton Investments.
* Embarked on CBS project and first branch, Karve Nagar, Pune was rolled over on 13 November 2006.
* Internet Banking launched in 2007.
* Bank's ATM network reached 345.

* * *

### 2008-2010

[edit]

* For the benefit of senior citizen customers, Central Pension Processing Centre was established in January 2009. Pension Payment Branch, an exclusive branch for pensioners in Pune was opened in February 2009.
* Jaipur Regional office opened on 20 February 2009.
* Controlling Offices reorganized to have 3-tier structure.
* Bank entered its Platinum Jubilee Year.
* Bank adopted 75 villages for their integrated development.
* Bank achieved 100% CBS in record time thus bringing connectivity of all the branches.
* Total Business crossed ₹One Lakh crore on 31 March 2010.
* 75 branches were opened in Platinum Jubilee Year taking total number of branches past 1500.
* Launched "Mahamobile", mobile banking services on 2 March 2010.
* Launched "Maha-e-trade", Online share trading product on 8 February 2010.

* * *

## See also

[edit]

* Banks portal

* 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

[edit]

1. ^ a b c d e f g "Annual Report of Bank of Maharashtra" (PDF).
2. ^ "Aviva, Bank of Maharashtra in bancassurance tie-up - Times of India". The Times of India. Retrieved 15 January 2018.

## External links

[edit]

* Official website

* v
* t
* e

Public sector undertakings in India (list)

Maharatna|

| Energy|

* Bharat Petroleum
* Coal India
* GAIL
* Hindustan Petroleum
* Indian Oil
* NTPC Limited
* ONGC
* Power Grid

|

Financial services|

* Power Finance Corporation
* REC

Defence|

* Hindustan Aeronautics

Engineering|

* BHEL

Metals|

* SAIL

Navratna|

| Defence|

* Bharat Electronics

|

Energy & metals|

* National Aluminium Company
* National Mineral Development Corporation
* Neyveli Lignite Corporation
* Oil India
* Rashtriya Ispat Nigam

EPC|

* Engineers India
* National Buildings Construction Corporation

Logistics|

* Container Corporation of India
* Shipping Corporation of India

Telecommunications|

* Mahanagar Telephone Nigam

Miniratna-I|

| Energy, metals
& mining|

* Bharat Coking Coal
* Balmer Lawrie
* Central Coalfields
* Central Mine Planning and Design Institute
* Chennai Petroleum Corporation
* Hindustan Copper
* Indian Renewable Energy Development Agency
* Indian Rare Earths
* Kudremukh Iron Ore Company
* Mahanadi Coalfields
* MOIL
* Mangalore Refinery and Petrochemical
* Mineral Exploration Corporation
* National Hydroelectric Power Corporation
* Northern Coalfields
* North Eastern Electric Power Corporation
* Numaligarh Refinery
* ONGC Videsh
* SJVN
* South Eastern Coalfields
* THDC
* Western Coalfields

|

Defence & space|

* Antrix Corporation
* Bharat Dynamics
* Bharat Earth Movers
* Cochin Shipyard
* Garden Reach Shipbuilders and Engineers
* Goa Shipyard
* Mazagon Dock
* Mishra Dhatu Nigam
* Pawan Hans

Media & telecom|

* BSNL
* Hindustan Newsprint
* Hindustan Paper Corporation
* Railtel
* Telecommunications Consultants India

Logistics & transport|

* Airports Authority of India
* Central Warehousing Corporation

EPC & infrastructure|

* Bridge & Roof Company
* HUDCO
* Ircon International
* Kamarajar Port
* National Projects Construction Corporation
* Projects and Development India
* Rail Vikas Nigam
* RITES
* WAPCOS

Trading|

* Cotton Corporation of India
* India Trade Promotion Organisation
* Metals and Minerals Trading Corporation of India
* MSTC

Tourism & hospitality|

* HSCC (India)
* India Tourism Development Corporation
* IRCTC

Agriculture|

* National Fertilizers
* National Seed Corporation
* Rashtriya Chemicals & Fertilizers

Other|

* Educational Consultants India
* HLL Lifecare
* Indian Railway Finance Corporation
* National Small Industries Corporation
* Security Printing and Minting Corporation of India

Miniratna-II|

* Artificial Limbs Manufacturing Corporation of India
* Bharat Pumps & Compressorsl
* Broadcast Engineering Consultants India
* Central Railside Warehouse Company
* Engineering Projects (India) Limited
* FCI Aravali Gypsum and Minerals (India)
* Ferro Scrap Nigam
* HMT Limited
* Indian Medicines and Pharmaceuticals Corporation
* MECON
* National Film Development Corporation of India
* Rajasthan Electronics and Instruments

Finance|

| Banks|

* Bank of Baroda
* Bank of India
* Bank of Maharashtra
* Canara Bank
* Central Bank of India
* Indian Bank
* Indian Overseas Bank
* Punjab & Sind Bank
* Punjab National Bank
* State Bank of India
* UCO Bank
* Union Bank of India

|

Insurance|

| Agriculture|

* Agriculture Insurance Company of India

|

General|

* National Insurance Company
* New India Assurance
* Oriental Insurance
* United India Insurance Company

Life|

* Life Insurance Corporation of India

Health|

* Employees' State Insurance

Reinsurance|

* GIC Re

State govt.
enterprises|

* Kerala
* Tamil Nadu
* Jammu & Kashmir Bank

Other|

* Advanced Weapons and Equipment India
* Armoured Vehicles Nigam Limited
* BHAVINI
* Cement Corporation of India
* Dredging Corporation of India
* Electronics Corporation of India
* Food Corporation of India
* Gliders India Limited
* Hindustan Shipyard
* India Optel Limited
* Munitions India Limited
* Nuclear Power Corporation of India
* Troop Comforts Limited
* Uranium Corporation of India
* Yantra India Limited

l - liquidated
Information updated as of January, 2020 by Department of Public Enterprises • See also Public sector banks in India

* v
* t
* e

Banking in India

Institutes|

| Central bank|

* v
* t
* e

Reserve Bank of India

Regulation|

* Reserve Bank of India Act, 1934
* Monetary Policy Committee

People|

* Governor of the Reserve Bank of India
* Deputy governor of the Reserve Bank of India

Buildings|

* Reserve Bank of India Staff College
* RBI Monetary Museum

Subsidiaries|

* Bharatiya Reserve Bank Note Mudran
* Security Printing and Minting Corporation of India

Think tanks|

* BBB
* BCSBI
* NPCI
* IBA
* IDRBT

Speciality banks|

* IFCI
* All India Financial Institutions :
* Exim Bank of India
* NABARD
* NaBFID
* NHB
* SIDBI

Other|

* BIFR
* IBBI
* IBPS
* Deposit Insurance (DICGC)

Public-sector
banks|

* Bank of Baroda
* Bank of India
* Bank of Maharashtra
* Canara Bank
* Central Bank of India
* Indian Bank
* Indian Overseas Bank
* Jammu & Kashmir Bank
* Punjab & Sind Bank
* Punjab National Bank
* State Bank of India
* UCO Bank
* Union Bank of India

Private-sector
banks|

* Axis Bank
* Bandhan Bank
* CSB Bank
* City Union Bank
* DCB Bank
* Dhanlaxmi Bank
* Federal Bank
* HDFC Bank
* ICICI Bank
* IDBI Bank
* IDFC First Bank
* IndusInd Bank
* Karnataka Bank
* Karur Vysya Bank
* Kotak Mahindra Bank
* Nainital Bank
* RBL Bank
* South Indian Bank
* Tamilnad Mercantile Bank
* Yes Bank

Foreign banks|

* Abu Dhabi Commercial Bank
* ANZ
* Bank Maybank Indonesia
* Bank of America
* Bank of Bahrain and Kuwait
* Bank of Ceylon
* Barclays
* Credit Suisse
* CTBC Bank
* Deutsche Bank
* HSBC
* Maybank
* MUFJ
* Rabobank
* Scotiabank
* Standard Chartered India

| Wholly owned subsidiary (WOS)|

* DBS Bank
* State Bank of Mauritius

|

Wound up/closed (or in process)|

* Antwerp Diamond Bank
* Citibank

Small finance banks|

* AU
* Fincare
* Capital
* ESAF
* Equitas
* Jana
* North East
* Suryoday
* Ujjivan
* Unity

Payments banks|

* Airtel
* Fino
* National Securities Depository
* India Post
* Jio
* Paytm

| Surrendered licencees
or wound up|

* Aditya Birla
* Vodafone M-Pesa
* Tech Mahindra

|

Cooperative
banks|

* Abhyudaya Co-operative Bank.
* Buldana Urban Cooperative Credit Society
* Cosmos Bank
* Dombivli Nagari Sahakari Bank
* Kerala Bank
* Mizoram Co-operative Apex Bank
* Punjab and Maharashtra Co-operative Bank
* Repco Bank
* Saraswat Bank
* Shamrao Vithal Co-operative Bank
* TNSC Bank
* Thane Janata Sahakari Bank

Regional rural banks|

* Assam Gramin Vikash Bank
* Bangiya Gramin Vikash Bank
* Karnataka Gramin Bank
* Mizoram Rural Bank
* Paschim Banga Gramin Bank
* Puduvai Bharathiar Grama Bank
* Tamil Nadu Grama Bank
* Uttar Bihar Gramin Bank
* Uttarakhand Gramin Bank
* Vananchal Gramin Bank

| Andhra|

* Andhra Pradesh Grameena Vikas Bank
* Andhra Pragathi Grameena Bank

|

Kerala|

* Kerala Gramin Bank
* North Malabar Gramin Bank
* South Malabar Gramin Bank

Uttar Pradesh|

* Allahabad UP Gramin Bank
* Gramin Bank of Aryavart
* Sarva UP Gramin Bank

Defunct banks|

| Merged|

| PSB|

* New Bank of India
* Dena Bank
* Vijaya Bank
* Allahabad Bank
* Andhra Bank
* Corporation Bank
* Oriental Bank of Commerce
* United Bank of India
* Syndicate Bank

|

SBI|

* Bank of Bombay
* Bank of Calcutta
* Bank of Madras
* Imperial Bank of India
* State Bank of Bikaner & Jaipur
* State Bank of Hyderabad
* State Bank of Indore
* State Bank of Mysore
* State Bank of Patiala
* State Bank of Saurashtra
* State Bank of Travancore
* Bharatiya Mahila Bank
* Krishnaram Baldeo Bank
* Kashinath Seth Bank

Rescued|

* Global Trust Bank (OBC)
* Lakshmi Vilas Bank (DBS)
* Nedungadi Bank (PNB)
* United Western Bank (IDBI)
* United Industrial Bank (Allahabad Bank)
* Punjab and Maharashtra Co-operative Bank (Unity SFB)

Acquired|

* Bank of Madura
* Bank of Rajasthan
* Bengal Central Bank
* Centurion Bank of Punjab
* Chartered Bank of India, Australia and China
* Grindlays Bank
* National Bank of India
* ING Vysya Bank
* Mercantile Bank of India, London and China
* Lord Krishna Bank
* Times Bank
* Vysya Bank

| PSB|

* Bharat Overseas Bank
* Pandyan Bank

|

Wound up|

* Bank of Chettinad
* Dass Bank

Failed|

* Alliance Bank of Simla
* Arbuthnot & Co
* Commercial Bank of India
* Exchange Bank of India & Africa
* (New) Oriental Bank Corporation
* Oudh Commercial Bank
* Madhavpura Mercantile Cooperative Bank

Liquidated|

* Bengal Bank (1784)
* Bank of Bombay (1720)
* Bank of Hindostan
* General Bank of India
* General Bank of Bengal and Bihar
* Nath Bank
* Palai Central Bank
* The Commercial Bank (1819)
* The Calcutta Bank (1824)
* The Union Bank (1828)
* The Government Savings Bank (1833)
* The Bank of Mirzapore (1835)
* Travancore National and Quilon Bank

Networks|

| Interbank networks|

* Cirrus
* NFS
* PLUS

|

ATM networks|

* BANCS
* Cashnet
* CashTree
* MITR

Cards|

* Mastercard
* Debit Mastercard
* Maestro
* RuPay
* Visa
* Visa Debit
* Visa Electron

Online transfers|

* AEPS
* BBPS
* BHIM
* IMPS
* NEFT
* RTGS
* UPI

Payment service
providers|

* Atom
* BHIM
* BillDesk
* CCAvenue
* Juspay
* Paytm
* Wibmo
* Zeta India

| Digital wallets|

* Amazon Pay
* BharatPe
* Freecharge
* Google Pay
* Mobikwik
* Oxigen Services
* Payoneer
* PayU
* Payworld
* PhonePe

|

Related topics|

* ATM usage fees
* Bank run
* Black money
* Counterfeit money
* De-materialisation (de-mat)
* Demonetisation
* 2016
* Low denomination coins
* Foreign exchange (ForEx)

* Lists:  List of banks
* List of oldest banks in India

| Protocol
and codes|

* Bharat Bill Payment System (BBPS)
* Indian Financial System Code (IFSC)
* National Unified USSD Platform (NUUP)
* Structured Financial Messaging System (SFMS)

|

Rates &
ratios|

| Rates|

* Bank rate
* Mumbai Inter-Bank Bid Rate - MIBID/Mumbai Inter-Bank Offer Rate - MIBOR
* Mumbai Interbank Forward Offer Rate - MIFOR

|

Ratios|

* Capital Adequacy Ratio - CAR
* Statutory Liquidity Ratio - SLR
* Cash Reserve Ratio - CRR

Regulators|

* Insurance - IRDAI
* Banking - RBI
* Securities - SEBI
* Bankruptcy - IBBI

Insolvency,
bankruptcy and
reconstruction|

| Boards|

* BIFR
* IBBI
* CERSAI

|

Legislation|

* IBC
* SARFESI Act

Companies|

* ARCIL
* Edelweiss ARC
* IAMCL

Legislation|

* Banking Regulation Act, 1949
* Government Securities Act, 2006
* IBC, 2016
* NaBFID, 2021
* RBI Act, 1934
* SARFESI Act, 2002
* Income-tax Act, 1961
* Companies Act, 2013
* Insurance Act, 1938
* FEMA, 1999

Tribunals|

* Company Law - NCLT
* Appellate - NCLAT

Measures|

* Prompt Corrective Action

Other|

* Institute of Banking Personnel Selection
* Mumbai Consensus

* v
* t
* e

NIFTY 200 companies

NIFTY
200|

| NIFTY
100|

| NIFTY
50|

* Adani Enterprises
* Adani Ports
* Apollo Hospitals
* Asian Paints
* Axis Bank
* Bajaj Auto
* Bajaj Finance
* Bajaj Finserv
* BEL
* Bharat Petroleum
* Bharti Airtel
* Britannia
* Cipla
* Coal India
* Dr. Reddy's Labs
* Eicher
* Grasim
* HCLTech
* HDFC Bank
* HDFC Life
* Hero MotoCorp
* Hindalco
* HUL
* ICICI Bank
* IndusInd Bank
* Infosys
* ITC
* JSW Steel
* Kotak Mahindra
* L&T
* M&M
* Maruti Suzuki
* NTPC
* Nestlé
* ONGC
* Power Grid
* Reliance
* SBI Life
* SBI
* Shriram Finance
* Sun Pharma
* Tata Consultancy Services
* Tata Consumer Products
* Tata Motors
* Tata Steel
* Tech Mahindra
* Titan
* Trent
* UltraTech
* Wipro

|

NIFTY
Next 50|

* ABB India
* Adani Energy Solutions
* Adani Green Energy
* Adani Power
* Ambuja Cements
* Bank of Baroda
* BHEL
* Bosch
* Canara Bank
* Cholamandalam
* Dabur
* Divi's Labs
* DLF
* DMart
* GAIL
* Godrej Consumer Products
* Havells
* HAL
* ICICI Lombard
* ICICI Prudential
* Indian Oil
* IndiGo
* Info Edge
* IRCTC
* IRFC
* Jindal Steel
* Jio Financial Services
* JSW Energy
* LIC
* Lodha
* LTIMindtree
* NHPC
* Pidilite
* Power Finance
* PNB
* REC
* Samvardhana Motherson
* Shree Cement
* Siemens India
* Tata Power
* Torrent Pharma
* TVS Motors
* Union Bank
* United Spirits
* Varun Beverages
* Vedanta
* Zomato
* Zydus Lifesciences

* ACC
* Aditya Birla Fashion
* Alkem Labs
* Apollo Tyres
* Ashok Leyland
* Astral
* AU SFB
* Aurobindo Pharma
* Balkrishna Industries
* Bandhan Bank
* Bank of India
* Bank of Maharashtra
* Bharat Dynamics
* Bharat Forge
* Biocon
* BSE
* CBI
* Cochin Shipyard
* Coforge
* Container Corp
* CG Power
* Cummins India
* Delhivery
* Dixon Technologies
* Escorts
* Exide
* FACT
* Federal Bank
* GMR Airports
* Godrej Properties
* Hindustan Petroleum
* Hindustan Zinc
* HUDCO
* IDBI Bank
* IDFC First Bank
* Indian Bank
* Indian Hotels
* IOB
* Indraprastha Gas
* Indus Towers
* IRB Infrastructure
* IREDA
* Jubilant FoodWorks
* Kalyan Jewellers
* KPIT Technologies
* LIC Housing Finance
* Lupin
* M&M Finance
* Mankind Pharma
* Marico
* Max Financial Services
* Max Healthcare
* Mazagon Dock Shipbuilders
* Mphasis
* MRF
* MRPL
* Muthoot Finance
* NLC India
* NMDC
* Nykaa
* Oil India
* Oracle FSS
* Page Industries
* Patanjali Foods
* Paytm
* Persistent Systems
* Petronet LNG
* Policybazaar
* Polycab
* Poonawalla Fincorp
* Prestige Estates
* RVNL
* SAIL
* SBI Card
* SJVN
* SRF
* Sundaram Finance
* Supreme Industries
* Suzlon
* Tata Chemicals
* Tata Communications
* Tata Technologies
* Torrent Power
* Tube Investments
* UPL
* Voltas
* Yes Bank

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template