Bank of Maharashtra

Bank of Maharashtra

Bank Of Maharashtra is India's leading Public Sector Bank that offers Deposits, Loans, and Digital Products for Personal Banking, Corporates, MSMEs, and NRI Customers

BankingFounded 193510001-50000 employeesPrivatePuneCEO: Ravindra P. Marathe

About Bank of Maharashtra

Bank Of Maharashtra is India's leading Public Sector Bank that offers Deposits, Loans, and Digital Products for Personal Banking, Corporates, MSMEs, and NRI Customers

Maharashtra has a long history of commercial activity since ages because of its strategic location in Indian sub continent and its large natural resources. Maharashtra has been a progressive region and the Banking activity was also started in this region quite early. Historically speaking, the Bank of Bombay established in 1840 was the first Commercial Bank in Maharashtra. However, the first commercial bank set up in Maharashtra outside Mumbai was The Poona Bank established in 1889 at Pune followed by The Deccan Bank in 1890 and the Bombay Banking Company in 1898. Outbreak of the First World War leading to great depression took a heavy toll on banks in India. Between 1914 and 1935 as many as 380 banks failed in the country out of which 54 were based in Bombay province. The impact of these failures was felt more in Maharashtra region because certain banks known for a long time were also closed down. The effects of great depression started fading and new enterprises began emerging with new hopes in all spheres of economy, including banking.

A little more about Bank of Maharashtra

Headquarters
Pune, India
Ownership
Private
Presence
India
Largest Office
Pune (79 offices)

Awards & Recognition

Fortune India 500 (2019)Forbes Global 2000Fortune India 500 (2020)Fortune India 500 (2021)Fortune India 500Fortune India 500 (2022)Fortune India 500 (2023)

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Frequently asked questions about Bank of Maharashtra

What does Bank of Maharashtra do?

Bank of Maharashtra is a leading company in the Banking sector. It provides innovative solutions to clients across multiple industries globally.

Where is Bank of Maharashtra headquartered?

Bank of Maharashtra is headquartered in Pune. The company operates across multiple locations in India and internationally.

How many employees does Bank of Maharashtra have?

Bank of Maharashtra employs 10001-50000 professionals worldwide. The company continues to grow and regularly hires across various functions and geographies.

When was Bank of Maharashtra founded?

Bank of Maharashtra was founded in 1935. Over the years it has grown into a globally recognised organisation in the Banking space.

Who is the CEO of Bank of Maharashtra?

The CEO of Bank of Maharashtra is Ravindra P. Marathe. The leadership team is committed to driving innovation and employee growth.

Is Bank of Maharashtra a good place to work?

Bank of Maharashtra is widely regarded as a strong employer in the Banking sector. The company offers structured career paths, learning programmes, and a collaborative work environment.

What is the hiring process at Bank of Maharashtra?

The hiring process at Bank of Maharashtra typically includes an online application, aptitude or technical assessments, and multiple interview rounds. The process varies by role and experience level.

Does Bank of Maharashtra hire freshers?

Yes, Bank of Maharashtra actively recruits freshers through campus placement programmes and graduate hiring drives. Entry-level roles are available across technology, business, and operations functions.

What are the career growth opportunities at Bank of Maharashtra?

Bank of Maharashtra invests in employee development through structured learning platforms, mentorship programmes, and internal mobility. Employees can advance across technical, managerial, and leadership tracks.

What benefits does Bank of Maharashtra offer to employees?

Bank of Maharashtra offers a comprehensive benefits package that typically includes health insurance, paid leave, retirement benefits, and learning allowances. Specific benefits may vary by location and role level.