Bank of Maharashtra was registered on September 16, 1935 with an authorized capital of Rs 10.00 lakh. The Bank’s initial help to small units has given birth to many of today’s industrial houses.
In July 1969, Bank of Maharashtra, was nationalized along with 13 other banks.Â Bank of Maharashtra has the largest network of branches by any Public sector bank in the state of Maharashtra.
Bank of Maharashtra excels in Social Banking, and it has 46% of its branches in rural areas. By March 2006 the Bank intends to achieve computerization of remaining 584 rural and semi urban branches by providing a cost effective small branch automation solution for rendering effective customer service to rural India.