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Bank of Maharashtra
Ek Parivaar, Ek Bank
Company type
Public
Traded as
BSE: 532525 NSE: MAHABANK
Industry
Banking Financial services
Founded
16 September 1935; 88 years ago (1935-09-16)
Headquarters
1501, Lokmangal, Shivajinagar, Pune, Maharashtra India
Number of locations
2263 Branches
Key people
Nidhu Saxena (MD & CEO)
Rohit Rishi (Executive Director)
Asheesh Pandey (Executive Director)
Products
Consumer banking
Corporate banking
Finance and insurance
Investment banking
Mortgage loans
Private banking
Private equity
Savings
Securities
Asset management
Wealth management
Credit cards
Revenue
₹18,178.73 crore (US$2.2 billion) (2023)[1]
Operating income
₹6,099 crore (US$730 million) (2023)[1]
Net income
₹2,602 crore (US$310 million) (2023)[1]
Total assets
₹267,651 crore (US$32 billion) (2023)[1]
Total equity
₹21,000 crore (US$2.5 billion) (2023)[1]
Owner
Government of India
Number of employees
12,977 (2023)[1]
Capital ratio
18% (2023)[1]
Website
bankofmaharashtra.in
Bank of Maharashtra is an Indian public sector bank headquartered in Pune. The bank had 30 million customers across the country with 2263 branches as of June 2023. It has the largest network of branches of any nationalised bank in the state of Maharashtra.State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms during 2022-23.
The Pune-headquartered lender also recorded highest growth in profitability with bottomline growing almost 126 per cent to Rs 2,602 crore during the year.
[2]
^ abcdefg"Annual Report of Bank of Maharashtra" (PDF).
^"Aviva, Bank of Maharashtra in bancassurance tie-up - Times of India". The Times of India. Retrieved 15 January 2018.
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Global Information
₹18,178.73 crore (US$2.2 billion) (2023)[1]