What we do Bank of Maharashtra is a public sector bank providing personal banking, retail loans, corporate financing, MSME support, and foreign exchange services across India. |
Founded in 1,935 |
Market share A prominent mid-sized public sector bank with a pan-India presence and a leading position in MSME, agriculture, and retail banking sectors. |
Problem solved Facilitates inclusive banking by providing credit, financial products, and digital services to individuals, farmers, MSMEs, and corporates. |
Top clients or who we serve Serving retail customers, farmers, MSMEs, corporate clients, government agencies; primarily B2C and B2B segments across India. |
Key management - |
Our journey and innovations Founded in 1935, nationalized in 1969; pioneering CBS implementation and digital banking innovations; strategic transformation program 'Utkarsha' enhanced efficiency and customer experience. |
Where we operate Operates in all 28 states and 7 union territories of India with over 2,600 branches and 2,400+ ATMs. |
Top products or what we offer Retail loans (housing, gold, vehicle, education), MSME credit, agriculture loans, corporate banking, treasury services, digital banking platforms, and bancassurance. |
Top brands Maha Mobile, Maha UPI, Maha Super Housing Loan Scheme, Maha Bank Gold Loan Scheme, Maha Krishi Samruddhi Scheme, Maharashtra Gramin Bank (sponsored RRB). |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Majority revenues are recurring, driven by interest income on loans and deposits with diversification in fee and treasury income. |
Our industry position Among top public sector banks with focused market share in Maharashtra and expanding presence nationally in MSME and agriculture financing. |
Financial highlights FY2024-25 revenue approx. Rs 28,402 crore; net profit Rs 5,520 crore; assets Rs 3.93 lakh crore; business grew 15.3%; strong capital adequacy above 20%. |
Geographical revenue split Revenue derived mainly from Indian domestic operations across urban and rural branches with a growing footprint in semi-urban and rural areas. |
Order book - |
Whats driving growth Growth driven by digital transformation, retail loan growth, MSME and agriculture advances, capital infusion, and expanding branch network. |
Our future plans Plans include further branch expansion, technology upgradation, enhanced digital products, sustainability initiatives, and strengthening financial inclusion. |
Our green promise Committed to ESG through green financing schemes, solar energy adoption, e-waste management, and dedicated ‘Maha Green Pehal’ sustainability program. |
Our people and values Employee base of over 15,000 with focus on inclusion, training, and competency development promoting a supportive and sustainable workplace. |
Key challenges ahead Challenges include deposit mobilization, margin pressures from rate cuts, geopolitical uncertainties, and competition for credit growth. |
Interesting facts First all-women volleyball team recruited; extensive rural penetration; multiple national awards for CSR, technology, and service excellence. |
Risks and strategy Mitigates credit risk with AI tools, asset quality monitoring, and diversified loan portfolio; strategy focuses on digital growth and sustainable banking. |
