Monday 3 May 2010

The Noon Report - Bank of Maharashtra

Bank of Maharashtra is the premier bank of Maharashtra, operating in the country of India.

Registered on 16th Sept 1935 with an authorized capital of Rs 10.00 lakh and commenced business on 8th Feb 1936.

Known as a common man's bank since inception, its initial help to small units has given birth to many of today's industrial houses. After nationalization in 1969, the bank expanded rapidly. It now has 1375 branches (as of 31 March 2008) all over India. The Bank has the largest network of branches by any Public sector bank in the state of Maharashtra.

The Bank attained autonomous status in 1998. It helps in giving more and more services with simplified procedures without intervention of Government.

Today's Update: Bank of Maharashtra Q4 net profit up 1% at Rs 139 cr

Source: Wikipedia / MC

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