Bank of Maharashtra

Indian public sector bank

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|

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; 88 years ago (1935-09-16)
Headquarters| 1501, Lokmangal, Shivajinagar, Pune, Maharashtra India

Number of locations

| 2263 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 2263 branches as of June 2023. 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]

The bank was founded by V.G.Kale and D. K. Sathe in Pune. 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

[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.
3. ^ "BoM appoints new MD CEO". www.livemint.com. Retrieved 2 December 2018.
4. ^ "Allen C A Pereira Appointed Managing Director of Bank of Maharashtra". www.daijiworld.com. Retrieved 5 July 2022.

## External links

[edit]

* Official website

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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

Other|

* BHEL
* SAIL

Navratna|

| Defence|

* Bharat Electronics
* Hindustan Aeronautics

|

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
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* Central Mine Planning and Design Institute
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* 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|

* Bharat Sanchar Nigam
* 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|

* IIBI
* 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

| 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

| PSB|

* Bharat Overseas Bank
* Pandyan Bank

|

Wound up|

* Bank of Chettinad
* Dass Bank
* Industrial Investment Bank of India

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 and ratios|

* Mumbai Inter-Bank Bid Rate - MIBID/Mumbai Inter-Bank Offer Rate - MIBOR
* Mumbai Interbank Forward Offer Rate - MIFOR
* 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
* Bharat Petroleum
* Bharti Airtel
* Britannia
* Cipla
* Coal India
* Divi's Labs
* 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
* LTIMindtree
* 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
* UltraTech
* Wipro

|

NIFTY
Next 50|

* ABB India
* Adani Energy Solutions
* Adani Green Energy
* Adani Power
* Ambuja Cements
* Bank of Baroda
* Berger Paints
* BEL
* Bosch
* Canara Bank
* Cholamandalam
* Colgate-Palmolive
* Dabur
* DLF
* DMart
* GAIL
* Godrej Consumer Products
* Havells
* HAL
* ICICI Lombard
* ICICI Prudential
* Indian Oil
* IndiGo
* Info Edge
* IRCTC
* IRFC
* Jindal Steel
* Jio Financial Services
* LIC
* Marico
* Pidilite
* Power Finance
* PNB
* REC
* Samvardhana Motherson
* SBI Card
* Shree Cement
* Siemens India
* SRF
* Tata Power
* Torrent Pharma
* Trent
* TVS Motors
* 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
* BHEL
* Biocon
* BSE
* Coforge
* Container Corp
* CG Power
* Cummins India
* Dalmia Bharat
* Deepak Nitrite
* Delhivery
* Dixon Technologies
* Dr Lal PathLabs
* Escorts
* FACT
* Federal Bank
* Fortis Healthcare
* GMR Airports
* Godrej Properties
* Gujarat Gas
* Hindustan Petroleum
* IDBI Bank
* IDFC First Bank
* Indian Bank
* Indian Hotels
* Indraprastha Gas
* Indus Towers
* Ipca Laboratories
* JSW Energy
* Jubilant FoodWorks
* Kalyan Jewellers
* KPIT Technologies
* L&T Technology Services
* Laurus Labs
* LIC Housing Finance
* Lodha
* Lupin
* M&M Finance
* Mankind Pharma
* Max Financial Services
* Max Healthcare
* Mazagon Dock Shipbuilders
* Mphasis
* MRF
* NHPC
* NMDC
* Nykaa
* Oil India
* Oracle FSS
* Page Industries
* Patanjali Foods
* Paytm
* Persistent Systems
* Petronet LNG
* Piramal Enterprises
* Policybazaar
* Poonawalla Fincorp
* Prestige Estates
* RVNL
* SAIL
* SJVN
* Sun TV
* Supreme Industries
* Suzlon
* Syngene
* Tata Chemicals
* Tata Communications
* Tata Technologies
* Torrent Power
* Tube Investments
* Union Bank
* UPL
* Vodafone Idea
* Voltas
* Yes Bank
* Zee Entertainment

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