Bank of Maharashtra

From Wikipedia, the free encyclopedia

Bank of Maharashtra
TypePublic Sector Bank
Traded as
BSE: 532525
NSE: MAHABANK
IndustryBanking
Financial services
Founded16 September 1935; 86 years ago (1935-09-16)
Headquarters1501, 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
RevenueIncrease ₹13,144.67 crore (US$1.7 billion) (2020)[1]
Increase ₹2,418 crore (US$320 million) (2020)[1]
Net income
Increase ₹385 crore (US$51 million) (2020)[1]
Total assetsIncrease₹184,082 crore (US$24 billion) (2020)[1]
Total equityIncrease₹5,824.11 crore (US$770 million) (2020)[1]
OwnerGovernment of India (93.33%)[1]
Number of employees
13,048 (2020)[1]
ParentMinistry of Finance , Government of India
Capital ratio13.65% (2020)[1]
WebsiteOfficial website Edit this at Wikidata

Bank of Maharashtra is a nationalised bank under the ownership of Ministry of Finance , Government of India. The bank had 15 million customers across the country with 2001 branches as of Dec 2021. It has the largest network of branches of any nationalised 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[]

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.

See also[]

References[]

  1. ^ a b c d e f g h "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.

External links[]

Retrieved from ""