Bank of Maharashtra (India)

Prof. V. G. Kale and the late Shri D. K. Sathe and registered as a banking company on the 16th of September, 1935 at Pune. The authorized capital was Rs. 10 Lakhs and issued capital of Rs. 5 Lakhs. Known as a common man’s bank since inception, its initial help to small units has given birth to many of today’s industrial houses. After nationalization in 1969, the bank expanded rapidly. It now has 1421 branches all over India. The Bank has the largest network of branches by any Public sector bank in the state of Maharashtra The Bank attained autonomous status in 1998. It helps in giving more and more services with simplified procedures without intervention of Government. Bank is the convener of State level Bankers committee. Bank offers Depository services and Demat facilities at 131 branches. Bank has a tie up with LIC of India and United India Insurance company for sale of Insurance policies. All the branches of the Bank are fully computerised. The vision of the bank is “To be a vibrant, forward looking, techno-savvy, customer centric bank serving diverse sections of the society, enhancing shareholders’ and employees’ value while moving towards global presence”. The mission of the bank is “To ensure quick and efficient response to customer expectations, To innovate products and services to cater to diverse sections of society, To adopt latest technology on a continuous basis, To build proactive, professional and involved workforce, To enhance the shareholders’ wealth through best practices and corporate governance, To enter international arena through branch network”

Milestones : Since Nationalisation

1969 :  The Bank was nationalized with 153 branches.
1978 :  Set up first Regional Rural Bank (RRB) ‘Marathwada Gramin Bank’ with headquarters at Nanded.
The Bank was appointed as Convenor to the State Level Bankers’ Committee (SLBC)
1979 :  Bank’s business crossed Rs.1,000 crore.
1980 :  500th branch of the Bank at Narian Point, Mumbai inaugurated by the late Smt. Indira Gandhi, the then Prime Minister of India.
1981 :  Set up the second RRB “Aurangabad Jalna Gramin Bank”.
1984 :  Dr Manmohan Singh, the then Governor, Reserve Bank of India, launched the Bank’s Golden Jubilee Celebration.
1986 :  Set up the third RRB  “Thane Gramin Bank”
1987 :  1000th branch of theBank opened at Indira Vasahat, Pune.
1996 :  Bank’s Diamond Jubilee Celebration launched by the then RBI Governor, Dr. C. Rangarajan
2004 :  Bank came up with Initial Public Offering (IPO)
2006 :  Launched ATM-cum-International Debit Card
Commenced Bancassurance business
Commenced distribution of Mutual Fund products.
Surpassed business landmark of Rs. 50,000 crore.
1st CBS branch rolled out on 13th November at Karve Nagar, Pune.
2009 :  1444 branches, 345 ATMs, Total Business over Rs. 90,000 crore, 902 CBS branches.

Recruitment Procedure:
Selection is be made on the basis of performance in the written test and interview taken together. Written test includes Objective Tests consisting of
(1) Test of Reasoning Ability
(2) Test of Numerical
(3) Test of English Language
(4) Test of Computer knowledge and Descriptive Paper on English Comprehension for Qualifying only.
Followed by a personal interview.

Corporate Office
Bank of Maharashtra Head Office
‘Lokmangal’ 1501, Shivajinagar,
Pune – 411005
Tel.: 020-25535572
Fax: 020-25512267

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