Bank of Maharashtra

Bank of Maharashtra: Loans, Deposits, Digital Banking, Cards, Investments, NRI, Govt. schemes

Bank of Maharashtra: Comprehensive Overview

General Information

• Founded: September 16, 1935, by V.G. Kale and D.K. Sathe
• Headquarters: Lokmangal, 1501, Shivajinagar, Pune, Maharashtra, India
• Key People: Nidhu Saxena (Managing Director & CEO), Rohit Rishi (Executive Director), Asheesh Pandey (Executive Director)
• Website: Bank of Maharashtra

Financial Highlights (as of March 31, 2023)

• Total Business: ₹3.15 lakh crores
  • Deposits: ₹1.8 lakh crores
  • Advances: ₹1.35 lakh crores
• Revenue: ₹18,178.73 crores (FY23)
• Operating Income: ₹6,099 crores (FY23)
• Net Income: ₹2,602 crores (FY23)
• Total Assets: ₹267,651 crores (FY23)
• Total Equity: ₹21,000 crores (FY23)
• Capital Ratio: 18% (2023)

Network and Reach

• Branches: Over 2,263 branches
• ATMs: Over 2,000
• Employees: Approximately 13,499 (2024)
• Customers: Around 30 million
• International Presence: Limited to domestic operations¹².

Services Offered

• Personal Banking: Savings accounts, fixed deposits, personal loans, home loans, education loans, and more.
• Corporate Banking: Business loans, working capital finance, trade services, and more.
• NRI Banking: Accounts and investment options for Non-Resident Indians.
• Digital Banking: Internet banking, mobile banking, and doorstep banking services.
• Investment Options: Mutual funds, insurance, and savings accounts.

Achievements

• Technology: Known for its robust digital banking services and customer-centric initiatives.
• Awards: Recognized for excellence in technology, digital banking, financial inclusion, MSME services, and human resource development¹².

Contact Information

• Corporate Office: Lokmangal, 1501, Shivajinagar, Pune – 411005, Maharashtra, India
• Phone: +91 20-25514501 to 12
• Website: Bank of Maharashtra