Bank of Maharashtra

Bank of Maharashtra
	File:Bank of Maharashtra.svg Ek Parivaar, Ek Bank
Traded as	BSE: 532525; NSE: MAHABANK
Industry	Banking ; Financial services
Founded	16 September 1935; 89 years ago
Headquarters	1501, Lokmangal,; Shivajinagar,; Pune India
Key people	A. S. Rajeev; (MD & CEO) ; Hemant Kumar Tamta ; (Executive Director) A. B Vijayakumar ; (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	₹13,144.67 crore (US$1.5 billion) (2020)
Operating income	₹2,418 crore (US$280 million) (2020)
Net income	₹385 crore (US$44 million) (2020)
Total assets	₹184,082 crore (US$21 billion) (2020)
Total equity	₹5,824.11 crore (US$670 million) (2020)
Owner	Government of India (92.49%)
Number of employees	13,048 (2020)
Parent	Ministry of Finance , Government of India
Capital ratio class39 = tel	13.65% (2020)
Website	{{URL\|example.com\|optional display text}}

Bank of Maharashtra is a major Indian government owned bank under the ownership of Ministry of Finance. The bank had 15 million customers across the country with 1,900 branches as of 25 March 2021. It has the largest network of branches of any public sector bank in the state of Maharashtra.^[2] The total business of the bank crossed ₹ 2,66,000 lakh crore as on 31 December 2020.

History[edit]

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] Hemant Kumar Tamta joined as Executive Director on 31 December 2018. A. B. Vijayakumar joined as Executive Director on 10 March 2021.

References[edit]

↑ ^1.0 ^1.1 ^1.2 ^1.3 ^1.4 ^1.5 ^1.6 ^1.7 "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.

External links[edit]

{{URL|example.com|optional display text}}

[Annual_Report_2019-20-1] 1.0 ^1.1 ^1.2 ^1.3 ^1.4 ^1.5 ^1.6 ^1.7 "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.

[1]

[2]

[3]

History[edit]

See also[edit]

References[edit]

External links[edit]