The Genesis
Prof. V. G. Kale and the late Shri D. K. Sathe and registered as a banking company on the 16th of September, 1935 at Pune. The authorized capital was Rs. 10 Lakhs and issued capital of Rs. 5 Lakhs. Their vision was to reach out to and serve the common man and meet all their banking needs. Successive leadership of the Bank and the employees have endevoured to fulfill their vision.
Milestones
Milestones : Pre Nationalisation
1936 : Commenced business on February 8th.
1945 : Deposits crossed Rs. 1.00 crore mark.
1946 : Maharashtra Executor and Trustee Company (METCO) established.
1958 : Listed on Bombay Stock Exchange.
Milestones : Since Nationalisation
1969 : The Bank was nationalized with 153 branches.
1978 : Set up first Regional Rural Bank (RRB) 'Marathwada Gramin Bank' with headquarters at Nanded.
The Bank was appointed as Convenor to the State Level Bankers' Committee (SLBC)
1979 : Bank's business crossed Rs.1,000 crore.
1980 : 500th branch of the Bank at Narian Point, Mumbai inaugurated by the late 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 Celebration.
1986 : Set up the third RRB “Thane Gramin Bank”
1987 : 1000th branch of theBank opened at Indira Vasahat, Pune.
1996 : Bank's Diamond Jubilee Celebration launched by the then RBI Governor, Dr. C. Rangarajan
2004 : Bank came up with Initial Public Offering (IPO)
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.
2009 : 1444 branches, 345 ATMs, Total Business over Rs. 90,000 crore, 902 CBS branches.
2nd Mar 2010 : The Bank achieved 100% CBS coverage.
Vision 2010
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.
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.
Our Logo
The Deepmal
With its many lights rising to greater heights.
The Pillar
Our institution- Symbolising strength.
The Diyas
Our Branches- Symbolising service.
The 3 M's symbolising
Mobilisation of Money
Modernisation of Methods and
Motivation of Staff.
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. |
