Bank of Maharashtra

Known as common men’s bank since coming into operation on 8 September 1936, Bank of Maharashtra became fast growing premier bank of the Maharashtra to expand operation of other parts of the country. This bank was established with an authorized capital of Rs 10.00 lakh. Its total asset is 481 billion today with recorded revenue till recently 6,093.94 crores.

This bank is known for its constant support to small business enterprises and rural sector. Rapid expansion of Bank of Maharashtra started after 1969 when Indian government nationalized it. Today the bank has crossed state boundaries with 1506 highly networked branches of different parts of the country.

With its vision to serve common men Bank of Maharashtra offers most workable banking needs to them. Customer base of more than 12 million indicates the success story of this bank whose branches operate of more than twenty states and two Union Territories.

It was of 1998 that Bank of Maharashtra attained autonomous status. Additional initiatives like propagating social banking concept and making rural regions a priority sector of its operation share of 38% branches indicate its focus of strengthening the rural India.

Bank of Maharashtra has fully computerized branch network connected with each other. It deals with range of products from accounts to loans, credit cards and investment options.

Bank Of Maharashtra Details:

IFSC Code of Banks of India