Bank of Maharashtra - Company Profile
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Bank of Maharashtra (BoM) is a provider of banking and other related financial solutions. It offers savings, and current accounts; recurring and fixed deposits; credit, debit, and gift cards; and loans for personal requirements, machinery and equipment, housing, vehicles, farming, medium and small-scale enterprises, professionals, and education, among others. The bank acts as an insurance agent and provides bancassurance coverage for life and non-life risks. It offers schemes such as senior citizen saving scheme, Mahabank gold loan scheme, Suraksha payroll scheme, Pradhan Mantri Mudra Yojana, Pradhan Mantra Awas Yojana, and non-resident accounts, among others. BoM also offers foreign exchange, cash management, depository, remittance, digital life certificate, doorstep banking, online trading, payment solutions, mobile banking, and ATM services. BoM is headquartered in Pune, Maharashtra, India.
Headquarters
India
Address
Central Office, Lokmangal, 1501, Shivajinagar, Pune, Maharashtra, 411005
Website
www.bankofmaharashtra.in
Telephone
91 20 25532731
No of Employees
12,977
Industry
Financial Services
Ticker Symbol & Exchange
MAHABANK (NSE)
Revenue (2022)
$2.3B
16%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
125.8%
(2022 vs 2021)
Market Cap*
$5.5B
Net Profit Margin (2022)
XYZ
94.7%
(2022 vs 2021)
* As of and is in US$
Bank of Maharashtra premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts: | Online Trading |
| Saving | Transfer and Payment |
| Current | Collection Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Plans/Strategy | In September, the bank announced its plans to raise INR1,500 crore through bonds to fund business growth. |
| 2023 | Contracts/Agreements | In September, the bank signed a memorandum of understanding with Indian Renewable Energy Development Agency to promote and facilitate co-lending and loan syndication for a diverse spectrum of Renewable Energy projects across the nation. |
| 2023 | Corporate Awards | In September, the bank was awarded Kirti Puraskar by Ministry of Home Affairs. |
Competitor Comparison
| Key Parameters | Bank of Maharashtra | IDFC First Bank Ltd | Yes Bank Ltd | The Federal Bank Ltd | UCO Bank |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Pune | Mumbai | Mumbai | Aluva | Kolkata |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Kerala | West Bengal |
| No. of Employees | 12,977 | 35,352 | 27,517 | 13,106 | 21,698 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Asheesh Pandey | Director | Executive Board | 2021 | - |
| Nidhu Saxena | Managing Director; Chief Executive Officer | Senior Management | 2024 | - |
| Vijay Prakash Srivastava | Chief Financial Officer; General Manager | Senior Management | 2021 | - |
| Subhasish Roy | Chief Risk Officer | Senior Management | 2024 | - |
| Rakesh Kumar | Director | Non Executive Board | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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