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4-Traders Homepage  >  Shares  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Bank of Maharashtra Ltd    MAHABANK   INE457A01014

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Business Summary
Operates as an international commercial bank

Bank of Maharashtra provides banking products and services.

Its offerings include saving, current and term deposits, educations loans, loans for corporate, agriculturists, entrepreneurs, exporters, individuals and professionals and personal loans, Maha gold loan scheme, Mahabank consumer loan scheme and scheme for solar lighting systems, DEMAT services, ATM services, distribution of mutual funds, door step banking, credit cards, banc assurance, western union money transfer facility, e-payment of taxes, payment of utility bills and non pension scheme.

The company operates through following four segments: Treasury, Corporate/Whole Sale Banking, Retail Banking and Other Banking Operations.

The Treasury segment includes investment, balances with banks outside India, interest accrued on investments and related income there from.

The Corporate/Whole Sale Banking segment includes all advances to trusts, partnership firms, companies and statutory bodies.

The Retail Banking segment includes exposure to the individual person or to a small business.

The Other Banking Operations segment includes all other banking transactions, which are not covered under the other segments.

Bank of Maharashtra was founded on September 16, 1935 and is headquartered in Pune, India.

Number of employees : 14 189 persons.
Sales per Businesses
20142015Delta
INR (in Million)%INR (in Million)%
Corporate/Wholesale Banking Operations62,57748.7%65,55948% +4.55%
Retail Banking Operations35,14127.3%38,64228.3% +9.06%
Treasury29,94023.3%31,54423.1% +5.08%
Other Banking Operations850.800.7%1,1130.8% +23.56%
Unallocated Assets-----
Sales per Regions
20142015Delta
INR (in Million)%INR (in Million)%
India128,640100.1%136,858100.1% +6%
Managers
NameAgeSinceTitle
Sushil Muhnot, MBA592013Chairman & Managing Director
Atul Bhatia--GM-Financial Management & Accounts
Ateesh Singh462012Non-Executive Director
Ramadev Laxmichand Saydiwal59-Director
R. K. Gupta552013Executive Director
Rapaka Athmaram, MBA592013Executive Director
Sanjeev Jain472013Non-Executive Director
Premchandra Amolakch Sethi712014Director
G. Sreekumar-2014Director
Medha Pramod Devadhar--Secretary & Compliance Officer
Shareholders
NameShares%
Government of India 848,373,774 79.8%
Life Insurance Corp. of India 147,228,354 13.8%
Dimensional Fund Advisors LP 3,701,834 0.35%
Mellon Capital Management Corp. 511,585 0.048%
Mercer Global Investments Europe Ltd. 89,934 0.0085%
Dimensional Fund Advisors Ltd. 66,837 0.0063%
Bessemer Investment Management LLC 23,191 0.0022%
Sector
Financials
Banking & Investment Services
 Banking Services
  Banks
   Banks - NEC
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Bank of Maharashtra Ltd : Connections
Reserve Bank of India
Maharashtra Executor & Trustee Co. Pvt Ltd.
Andhra Bank Financial Services Ltd.
Harshit Finlease & Investments Ltd.
India Ministry of Finance
Shanti Prashad & Co.
Jumbo World Holdings (India) Pvt Ltd.
Indian Institute of Banking & Finance
Viman Investments Pvt Ltd.
Jumbo Electronics Corp. Pvt Ltd.
Hundwara Finance & Investment Co. Pvt Ltd.
Primo Enterprises Pvt Ltd.
Ashok Vihar Club
Dharamshila Hospital & Research Centre
Dandvati Investments & Trading Co. Pvt Ltd.
Institute of Chartered Accountants of India
Firestorm Electronics Corp. Pvt Ltd.
The Institute of Cost & Works Accountants of India
Company contact information
Bank of Maharashtra
Central Office
1501, Lokmangal
Shivajinagar
Pune, Maharashtra 411005

Phone : +91.20.25532731
Fax : +91.20.25513122
Web : www.bankofmaharashtra.in
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