Bank of Maharashtra
Corporate website for Bank of Maharashtra which gives information about this respected public sector bank, its products and services. The website also features Devnagari section. Several interactive features are also being put in place.
Our Aims:
The bank wishes to cater to all types of needs of the entire family, in the whole country. Its dream is "One Family, One Bank, Bank of Maharashtra ".
The Autonomy:
The Bank attained autonomous status in 1998. It helps in giving more and more services with simplified procedures without intervention of Government.
Our Social Aspect:
The bank excels in Social Banking, overlooking the profit aspect; it has a good share of Priority sector lending having 38% of its branches in rural areas.
Other Attributes:
Bank is the convener of State level Bankers committee. Bank offers Depository services and Demat facilities at 131 branches. Bank has a tie up with LIC of India and United India Insurance company for sale of Insurance policies. All the branches of the Bank are fully computerised.
Social Responsibility:
Bank's Rural Development Centres at Hadapsar and Bhigwan are undertaking vaious developmental activities for the benefit of the famers vi. Lab to Land project, reuse / rehabilitation of Saline Soil and advice on scientific use of inputs for optimum results.
The Mahabank Agricultural Research and Rural Development Foundation (MARDEF) is active in socio-economic development of villages by encouraging farmers to take diversified activities like dairy, EMU farming, goat rearing, grape cultivation, horticulture and scientific use of various inputs like fertilizers etc. The foundation assists farmers, especially small and marginal farmers, in receiving timely bank credit.
The Bank has established Five Mahabank Self Employment Training Institutes (MSETI), one each at Pune, Aurangabad, Nagpur, Nasik and Amravati. These provide training to rural youth and women for self employment. A total of 4605 candidates have been trained by the institutes so far.
Gramin Mahila Va Balak Vikas Mandal (GMVBVM), an NGO formed in 1989 by Bank of Maharashtra, is actively involved in formation, nurturing of SHGs and facilitating linkage to Bank Credit. The GMVBVM also helps SHGs to market their products through two sales outlets in Pune City named “SAVITRI”. GMVBVM assists the SHGs to secure quality raw material and inputs for their products and extends marketing and sales support. Matured SHGs are assisted to upgrade into Small and Medium Enterprises. GMVBVM has been declared as Mother NGO by Govt. of Maharashtra.