
Bank of Maharashtra is a prominent nationalized public sector bank in India, established on September 16, 1935, in Pune by V.G. Kale and D.K. Sathe. It became operational on February 8, 1936, with an initial authorized capital of $1 million. The bank was nationalized in 1969 and is currently owned by the Ministry of Finance, Government of India.
The bank boasts the largest network of branches among nationalized banks in Maharashtra, with over 2,022 branches as of March 2022, serving approximately 29 million customers nationwide. It offers a wide range of services, including personal banking, retail loans, cash management, corporate loans, foreign exchange services, and specialized banking for sectors such as agriculture and MSME (Micro, Small, and Medium Enterprises).
In terms of technological advancements, Bank of Maharashtra has made significant strides in implementing technology solutions. It achieved full Core Banking Solution (CBS) across its branches by February 2010 and continues to enhance its digital offerings with services like mobile banking and various loan schemes.
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