The Bank of Maharashtra its birth and silent features

The birth

Registered on 16 September 1935 with a capital of RS 10.00 lakh and started the company on 8 February 1936.



Childhood



The man, known as a bank from the beginning, its original, small units was born today in many industrial houses. After the nationalization in 1969, the bank quickly. He has over 1421 branches all India. The Bank has the largest network of branches of public sector bank in the state of Maharashtra.



The Adults



The Bank has fine tuned its services to respond to the needs of the common man and has the latest technology in the banking sector offers a variety of services.



Our Vision Statement



To ensure a dynamic, future-oriented, technically-savvy, consumer banking Centrica various sectors of society, the strengthening of the shareholders and employees, while the value on the way to global presence.



Our goals



Bank wants to raise all kinds of needs of all families across the country. Her dream is "a family, a bank, the Bank of Maharashtra."



Autonomy



Bank the status of autonomy in 1998. It helps in the provision of more and more simplified procedures without the interference of government.



Our social aspect



Banking Banking is characterized by social, with an eye on the profit aspect, it has a good part of priority sector lending of 38% of their branches in rural areas.



Other attributes



Bank is to Convene the level of the banking committee.

Bank Depository DEMA offers services and facilities in 131 branches.

The Bank has a voice with the public and the India-United India Insurance Company for the sale of insurance.

All branches of the Bank are Fully computerised.







Silent features



• Make sure autonomy in the year 1998.

• Total business volume of more than RS. 71,400 crore deposits of more than RS. Gross 41700 crore and advances of more than RS. 29700 crore as at 31 March 2008.

• Branch network consists of 1375 branches and 3 extension counters in over 22 states and 2 Union Territories.

• The Bank has a network of 345 ATMs with the Visa Association. The Bank has also in connection with the national financial switch and Mithras

• specialized branches:

o Overseas subsidiaries - 2

o Industrial Finance Branches - 2

o Agro Industries High Tech - 4

o S.S.I. Branches - 14

o Treasury & International Banking - 1

• The Bank has 28 centers with FEX FEX business.

• Free telephone payment centers in 11 major metro.

• Implemented Maha any branch banking offices in Quick Scheme 696 (CBS)

• Credit Card and Kisan credit cards available. More than 2,17,100 Kisan Credit Cards released.

• priority sector loans was 48.63%, which is more than the prescribed norms of 40%.

• Finance various non-traditional activities through self-help groups (SHGs), which is an effective tool for empowerment of women.

• Mahila Mandal Balak VA program is a trust bank 1989.Its goal is to strengthen the role of women in rural areas through the medium of the Self Help Group.

• Created Mahabank Independence Training Institute (MSETI) in Hadapsar, under the auspices of the MARDEF work in consultation with NABARD and the Maharashtra state government in December 2001 the Institute opened new centers in Aurangabad and Nagpur in the years 2003-2004.

• Sponsored three regional rural banks in Maharashtra.

• Convenor of State Level Bankers' Committee for Maharashtra.

• Convenor of State Level Bankers' Committee (Rajbhasha) for Bavaria.

• responsibility of the lead bankers in 6 districts namely work, Nasik, Satara, Thane, Aurangabad and Jalna district of Maharashtra state. The development of rural areas, the centers in Hadapsar and Bhigwan in Maharashtra.

• strengthening of MIS and the creation of the database with all the advances accounts, Credit Monitoring and Administration System (cream) has been successfully completed.

•-floated subsidiary of Guardian Maharashtra Executor & Company Ltd (Metco), which undertakes custodian Business, Management and Property Tax too.

• The Bank is the convenor of the Town Official Language Implementation Committee (Tolic) in Mumbai, Work & Solapur. Bank of the Fourth a better price for the implementation of Hindi in both "A" and "C" region under the Reserve Bank of India Rajbhasha shield for the year 2006-07.

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