Bank of Maharashtra

Bank of Maharashtra started its banking operations and business way back in 1935. Its headquarters is situated in Pune, Maharashtra. The Bank was incorporated by a group of visionaries led by Late V. G. Kale and the Late D. K. Sathe. The bank has maximum number of branches than any other public sector bank, in Maharashtra. Bank of Maharashtra was nationalized on 19 July, 1969 along with 13 other major banks by the Government of India. After nationalization the bank expanded rapidly and today, the bank has a large customer base of 12 million customers. Bank of Maharashtra offers a wide range of products like loans, credits cards, savings, investment vehicles etc. The bank has total assets of worth Rs. 481 billion. Bank of Maharashtra was awarded the first prize by NABARD (National bank for Agriculture and Rural Development) for best performance in the category of commercial banks under SHG Bank Linkage Programme during 2010-11 in Maharashtra state