The Bank of Maharashtra is a nationalized bank owned by the Indian government's Ministry of Finance. As of December 2021, the bank had 15 million customers and 2001 branches across the country. In Maharashtra, it has the greatest network of branches of any nationalized bank.
2. Our Genesis
Bank of Maharashtra was registered on 16th September 1935 at Pune
with an authorized capital of 1 million by a group of visionaries with the
objective to serve the common man who was till then neglected by the
banking system.
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3. Our Mission
● 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.
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4. Vision
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 Bank continued to have the support and patronage of the common
man. Right from its inception, the focus of the Bank has been to assist
small business enterprises, traders, self-employed and others commonly
known as the Priority Sector.
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5. Milestone
● 1936 - Commenced business on February 8.
● 1945 - Deposits crossed Rs. 1.00 crore mark.
● 1946 - Maharashtra Executor and Trustee Company (METCO)
established.
● 1958 - Listed on Bombay Stock Exchange.
● 1969 - The Bank was nationalized with 153 branches.
● 1976 - Set up first Regional Rural Bank (RRB) – “Marathwada Gramin
Bank” with headquarters at Nanded.; The Bank was appointed as
Convener to the State Level Bankers’ Committee (SLBC)
● 1979 - Bank’s business crossed Rs.1,000 crore.
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6. ● 1980 - 500th branch of the Bank at Nariman Point, Mumbai
inaugurated by 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 Celebrations.
● 1986 - Set up the third RRB – “Thane Gramin Bank”
● 1987 - 1000th branch of the Bank opened at Indira Vasahat, Pune at
the hands of Shri Shankar Dayal Sharma, the then Governor of
Maharashtra
● 2004 - Bank came up with Initial Public Offering (IPO)
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7. ● 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.
● 2010 - Bank entered Platinum Jubilee Year. Hon’ble President of
India, Smt Pratibha Devi Singh Patil inaugurated the Platinum
Jubilee Year celebrations in Pune.; Branch network reached 1453
with 345 ATMs across the country. Total Business crossed Rs.One
lakh crore. Achieved 100% CBS. New service delivery channels,
namely, 3 Retail Credit Hubs and 5 Asset Recovery Branches were
opened.
● 2011 - On 77th Foundation day, Hon’ble Finance Minister, Shri
Pranab Mukherjee dedicated 5 specialised branches to SHGs and
opened 5 Mid-Corporate branches on the occasion.
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8. ● 2012 : Total Business of the Bank crossed business level of Rs.1,50,000
crore, 1638 branches, 505 ATMs, Total Business Rs.1,51,320 crore. Bank
hosted Bancon 2012 in Pune on 24th-25th November 2012. Hon’ble Union
Finance Minister Shri P. Chidambaram inaugurated the conference.
● 2013 - Launch of Rupay card launch by Sonia Gandhi in Delhi 50 Branches
opened on 15th August 2013 Total Business Crossed Rs. 2.00 Lakh Crore
● 2014 : 162 new branches; largest number to be opened in a single year,
opened taking the branch network to 1890 1129 ATMs installed taking the
total number to 1827
● 2015: 26 new branches; Branch network reached 1889; Launched “Maha
Mobile”-Mobile Banking Application; ISO 27001:2013 certification for its
Data Centre, DR Centre, PMO & HO-IT.
● 2016: Bank crossed milestone figure of Rs 2.50 Lakh Crore; Implemented
“MAHASECURE” – add on application for Internet Banking; because of
which no phishing attacks have been reported “Best Financial Inclusion
Initiative” award by IBA - Banking Technology
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9. Why Bank Of Maharashtra
● Most networked bank in the hub of Indian financial scene
(Maharashtra state)
● Fastest growing bank in India in recent years
● Public sector bank with pan-India presence
● Robust technological platform - ISO 27001:2005 certified
● Faster decision
● Customized products & services
● Under prudent and efficient supervision of RBI
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10. What are we looking for
Bank of Maharashtra is looking to hire people who display the following
behavioral competencies
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11. Contact Us
Dy. General Manager, HRM
Contact No.: 020 - 25532752 Mail Id.: dgmhrm@mahabank.co.in
Asst. General Manager, HRM
Contact No.: 020 - 25536019 Mail Id.: agmhrm@mahabank.co.in
Chief Manager, Staff
Contact No.: 020 - 25514412 Mail Id.: cmstf@mahabank.co.in
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