Bank of Maharashtra
NSE: MAHABANK BSE: 532525
₹74.76
(-1.18%)
Wed, 11 Mar 2026, 00:13 am
Market Cap575.71B
PE Ratio8.88
Dividend3.34
Finance
Major Banks
24.5KCompany History
1969
- The Company was Incorporated on 19th July.
- The Bank was brought into existence by an ordinance issued on 19th July.
1970
- The Banking Companies Act was made effective retrospectively from 19th July.
- Bank opened 39 branches in the five Lead Bank districts.
1976
- Bank sponsored a regional rural bank under the name The Marathwada Gramin Bank Ltd.
1980
- Rs.81,30,725 was capitalised from Reserve Fund.
1982
- Bank sponsored a regional rural bank under the name Aurangabad-Jalna Gramin Bank Ltd.
1984
- Government contributed Rs.12 lakhs to the Bank.
1985
- Government contributed Rs.1,308 lakhs to the Bank.
1986
- Government contributed Rs.800 lakhs to the Bank.
1988
- Government contributed Rs.2,100 lakhs to the Bank.
1991
- Government contributed Rs.10,500 lakhs to the Bank.
1992
- Government contributed Rs.3,500 lakhs to the Bank.
1993
- Government contributed Rs.15,000 lakhs to the Bank.
1996
- Bank opened two extension counters at Gogal and Khandala.
- Bank introduced a new motivational scheme titled The Best Colleague Scheme.
- Bank launched a major computerisation programme.
1999
- Bank introduced its telebanking service.
- Bank set up a core credit monitoring cell at its headquarters in Pune.
- Shri. V. Leeladhar was appointed as the Executive Director of the Bank.
2000
- Bank launched its new cash management product.
- Export Import Bank of India signed a Memorandum of Understanding with Bank of Maharashtra.
- Bank launched its information technology training institute.
- Sukomal Chandra Basu succeeded Madan Mohan Vaish as the Chairman and Managing Director of the Company.
- Bank formed an equal joint venture with Magic Software.
2004
- Bank came out with Rs 230 crore public issue of equity shares.
- Bajaj Auto and Bank of Maharashtra signed a strategic alliance to offer two-wheeler loans in India.
2005
- Mrs. Lila F Poonawalla, Director resigned from the Directorship of the Bank.
2006
- Bank of Maharashtra tied up with United Insurance Company.
2007
- Bank of Maharashtra and Life Insurance Corporation of India unveiled two products, Maha Suraksha Deposit Scheme and MahaGrih Suraksha scheme.
2009
- Bank appointed five Chartered Accountants firms as Statutory Central Auditors of the Bank for the year 2008-09.
2013
- Bank received Greentech Fire Safety & Security Award 2013.
- Bank was felicitated as a Best Public Sector Bank in India at the Dun & Bradstreet- Polaris Financial Technology Awards 2013.
- Shri. R. Athmaram was appointed as Executive Director of the Bank of Maharashtra.
- Shri. Sushil Muhnot was appointed as Chairman and Managing Director of Bank of Maharashtra.
- Bank won 4 awards in The Sunday Standard Best Bankers Award 2013.
- Bank was awarded Business Excellence in Banking Award 2013 by Time Research.
2014
- Shri R. Athmaram and Shri M. C. Kulkarni received the Best Bank for managing IT risk among mid size Banks award.
- Bank was conferred as BEST BANK-PUBLIC SECTOR in BFSI Awards-2014.
- Bank of Maharashtra introduced savings bank deposit scheme.
- Dr. S. Rajagopal was nominated as Director on the Board of Bank of Maharashtra.
2015
- Bank of Maharashtra received Best Bank Award for Financial Inclusion for Emerging Bank.
- Bank received CSR & Business Responsibility Award for Emerging Bank as Runner Up.
- Bank grabbed 5 Awards in BFSI Awards by World HRD Congress.
- Bank grabbed 2 Awards in Skoch Summit.
- 76th Foundation Anniversary function was held at Delhi.
- 79th Foundation Anniversary function was held at Pune.
2022
- BoM launches special monsoon offer and waives charges on loans.
- Bank tops PSU Lenders Chart in Loan Growth.
- Bank Received National MSME award 2022.
- Bank Crossed Milestone Business Figure of Rs.3.50Lakh Crore.
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