The Beginning…

Maharashtra has a long history of commercial Outbreak of the First World War leading
activity since ages because of its strategic to great depression took a heavy toll on
location in Indian sub continent and its large banks in India. Between 1914 and 1935
natural resources. as many as 380 banks failed in the
country out of which 54 were based in
Bombay province. The impact of these
Maharashtra has been a progressive region failures was felt more in Maharashtra
and the Banking activity was also started in region because certain banks known for
this region quite early. Historically speaking, a long time were also closed down.
the Bank of Bombay established in 1840 was
the first Commercial Bank in Maharashtra.
However, the first commercial bank set up in The effects of great depression started
Maharashtra outside Mumbai was The Poona fading and new enterprises began
Bank established in 1889 at Pune followed by emerging with new hopes in all spheres
The Deccan Bank in 1890 and the Bombay of economy, including banking.
Banking Company in 1898.

Need felt for an Independent Bank for Maharashtra

The Mahratta Chamber of Commerce (MCC) The Swadeshi movement of the first
was established in Poona in 1934 and its decade of the 20th Century gave
Founder Secretary Shri A.R.Bhat was a great stimulus to the establishment of a
visionary. number of commercial banks under
Indian Management in Maharashtra.

Shri Bhat initiated for a comprehensive

review of banking services available in the The MCC formed a sub-committee
region through the special issue of Kesari consisting of Sarvashri V.G.Kale,
news paper released in memory of Lokmanya D.K.Sathe, N.G.Pawar, G.D.Apte and
Tilak within a few months of establishment of A.R.Bhat to work out the details.
MCC. He ensured that his friend, Shri V.
P.Varde, considered as a doyen of co-
operative movement, wrote an article on the The first meeting of the committee was
necessity of a separate bank for Maharashtra, held on 19 May 1935 in the conference
thus launching a public discussion on the room of the Kesari Mahratta office and
subject. While there was no noticeable besides the committee members,
response to the article of Shri Varde, Shri A R prominent personalities from the City
Bhat kept on discussing the subject with like Shri Babasaheb Kamat, the then
leaders in Trade and Industry. President of the MCCI, J S.Karandikar,
Rajabhau Godbole, Govindrao Pandit,
Damuanna Potdar, S.R.Sardesai,
Shri Bhat ensured that Mahratta Chamber Baburao Gokhale, and N.N. Kshirsagar
and its Directors took up the issue and held a among others participated in
Conference on Business and Industry in deliberations.
Poona on behalf of the MCC in
February1935. Another meeting of the sub committee
with wider public representation was
followed on 27 May 1935 in the meeting
Shri Bhat pushed the proposal for formation hall of Kesari Mahratta office and
of a bank and succeeded in getting the decisions on matters like the number of
following resolution adopted by the Directors on the Board of the proposed
conference: bank (maximum to be 11 members),
Amount of each share (to be Rs.50/-)
and primary condition for becoming a
"For providing capital to the trade and
Director (to hold a minimum of 500
industry in Maharashtra, it is essential to
shares) were taken
establish a Joint Stock commercial bank.
The Mahratta Chamber is, therefore,
requested to make all the necessary
enquiries in that behalf and take
appropriate steps for floating such a
bank. The business community in
Maharashtra is urged to support such an
effort. "

Milestones in the journey for nation building:

Registered on 16-09-1935
Commitment stated in the prospectus issued on 21-10-1935:

“Steadily to spread its business operations all over Maharashtra and as opportunity allows, outside that area offering varied
services to the general public while trying to be useful to trade , commerce and industry consistently with high standards of safety
and efficiency”

1936 : Commenced operations on 08-02-1936 in Pune

1938 : Second branch of the bank was opened in 1938 at Fort, Bombay.

1940 : Third branch came up at Deccan Gymkhana, Pune

1944 : Status as Scheduled Bank obtained

1946 : Deposits crossed Rs One crore mark

Formed fully owned subsidiary, The Maharashtra Executor & Trustee Company
First branch outside Maharashtra opened in Hubli (Mysore Starte, Now Karnataka)

1949 : Expansion to AP: Hyderabad branch opened

1963 : Expansion to Goa: Panjim Branch opened

1966 : Expansion to Madhya Pradesh: Indore branch opened

Entered in Gujarat: Baroda branch opened

1969 : Nationalised alongwith 13 other Banks

Entry in Delhi by opening Karolbagh branch on 19-12-69

1974 : Deposit base crossed Rs. 100 Crore mark

1976 : Marathwada Grameena Bank, first RRB established on 26-08-1976

1978 : New Head Office building inaugurated by Hon'ble Prime Minister of India Shri. Morarji Desai
Deposits crossed the figure of Rs.500 Crores

1979 : “Mahabank Agricultural Research and Rural Development Foundation”, registered as a public trust, was established
for undertaking research and extension work and to provide more extensive services to farmers.

1985 : 500th branch in Maharashtra state was opened at the hands of the then Prime Minister, Mrs Indira Gandhi at
Nariman Point, Mumbai.
First Advanced Ledger Posting Machine (ALPM) was installed at the branch.
Golden Jubilee Year Celebrations launched at the hands of Dr. Manmohan Singh, Governor Reserve Bank of India

1986 : Thane Grameena Bank sponsored

1987 : The 1000th branch of the Bank was inaugurated at Indira vasahat, Bibwewadi, Pune at the auspicious hands of
Dr.Shankar Dayal Sharma, the Honourable Vice President of India

1991 : "Mahabank Farmer Credit Card " was launched

Entered in to Domestic Credit Card Business
Main Frame Computer installed
Became member of the SWIFT

1995 : Diamond Jubilee Celebrations - Dr C Rangarajan the RBI Governor was the Chief Guest
Deposits crossed Rs 5000 crore mark

1996 : Moved into “A” category from the earlier “C” category. Autonomy obtained

2000 : Deposits crossed Rs 10000 crore mark

2004 : Public Issue of Shares – 24% owned by Public

Listed in BSE and NSE

2005 : Bancassurance and Mutual Fund distribution business started

2006 : Crossed total business level of Rs.50,000 Crore

Branch CBS Project started

2009 : Entered in to 75th year of dedicated service to the Nation

Adopted 75 underdeveloped villages for integrated overall development

2010 : 100% CBS of branches achieved

Total Business crossed Rs One lakh crore
Opened 76 branches in the Platinum Year taking the total to 1506
Vision 2010
To be a vibrant, forward looking, techno-savvy, customer centric bank serving diverse sections of the society, enhancing shareholders’
and employees’ value while moving towards global presence.

Mission
To ensure quick and efficient response to customer expectations.

To innovate products and services to cater to diverse sections of society.

To adopt latest technology on a continuous basis.

To build proactive, professional and involved workforce.

To enhance the shareholders’ wealth through best practices and corporate governance.

To enter international arena through branch network.

Our Logo
The Deepmal
With its many lights rising to greater heights.

The Pillar

Our institution- Symbolising strength.

The Diyas
Our Branches- Symbolising service.

The 3 M's symbolising

Mobilisation of Money
Modernisation of Methods and
Motivation of Staff.

Social Responsibility
Bank's Rural Development Centres at Hadapsar and Bhigwan are undertaking vaious developmental activities for the benefit of the
famers vi. Lab to Land project, reuse / rehabilitation of Saline Soil and advice on scientific use of inputs for optimum results.

The Mahabank Agricultural Research and Rural Development Foundation (MARDEF) is active in socio-economic development of villages
by encouraging farmers to take diversified activities like dairy, EMU farming, goat rearing, grape cultivation, horticulture and scientific
use of various inputs like fertilizers etc. The foundation assists farmers, especially small and marginal farmers, in receiving timely bank
credit.

The Bank has established Five Mahabank Self Employment Training Institutes (MSETI), one each at Pune, Aurangabad, Nagpur, Nasik
and Amravati. These provide training to rural youth and women for self employment. A total of 4605 candidates have been trained by
the institutes so far

Gramin Mahila Va Balak Vikas Mandal (GMVBVM), an NGO formed in 1989 by Bank of Maharashtra, is actively involved in
formation, nurturing of SHGs and facilitating linkage to Bank Credit. The GMVBVM also helps SHGs to market their products
through two sales outlets in Pune City named “SAVITRI”. GMVBVM assists the SHGs to secure quality raw material and inputs for
their products and extends marketing and sales support. Matured SHGs are assisted to upgrade into Small and Medium
Enterprises. GMVBVM has been declared as Mother NGO by Govt. of Maharashtra.
 The Mahabank Vidarbha Shetkari Jagruti Abhiyan, a joint effort of Bank of Maharashtra and Hanuman Vyayam Prasarak Mandal
has reached out to more than 5750 Farmers in distress in six districts of Vidarbha through counselling and training sessions

Anup Sankar Bhattacharya

Chairman and Managing Director

Chairman's Desk

Dear Customers,

Our Bank completed its 75 years of dedicated service to the nation on 16th September, 2010. It was a matter of pride that the
concluding ceremony of this historic milestone took place at Vigyan Bhawan, New Delhi in the presence of Hon'ble Union Minister of
Finance, Shri Pranab Mukherjee, Chief Minister of Maharashtra, Shri Ashok Chavan, Union Minister of State for Finance,Shri Namo Narain
Mena, Union Minister of State for Communication & IT Shri Sachin Pilot.

It was the vision of our founding fathers led by late Prof.V G Kale and late D K Sathe, to reach out to and serve the Common man and
meet all his banking needs. In keeping with this vision, we at Bank of Maharashtra endeavour to reach out to every citizen of this
country who needs Banking and Financial Services irrespective of Social, Economic, Educational Status.

The Bank keeps innovating its Deposit and Loan Schemes and other services & products to meet the expectations of different segments
of Society whether it be No Frills accounts and micro finance schemes or finance for large infrastructure, Industrial and Agril. projects.
In other words, Bank of Maharashtra endeavours to be a Bank for Every Banking Need – a Financial Supermarket – a one stop Financial
Mall – A Bank on which every member of a family can Bank upon. We endeavour to understand and anticipate the expectations of our
customers so that we can confidently say Hum Samje Aap Ke Dil Ki Baat.

With a network of 1506 branches at the end of Platinum Jubilee Year on 16-09-2010, Bank of Maharashtra is present in 23 States and 2
UTs including Arunachal Pradesh, Sikkim and Meghalaya.

We have set up Retail Asset Branches at Strategic Centres covering all the metro cities to facilitate quick and hassle free appraisal and
disbursement of Home Loans, Vehicle Loans, Mortgage backed loans and loans for consumer durables.

There are 5 Asset Recovery Branches at Aurangabad, Pune, Mumbai, Kolkota and Nagpur for efficient and effective monitoring and
recovery of Non-Performing Assts.

Our focus will be on reaching out to unbanked and under banked places, small-micro and medium enterprises and promoting profitable
and sustainable agriculture and related activities which are critical for employment generation and equitable economic growth. We have
recruited nearly 200 Graduates and Post Graduates in Agricultural Science to assist our Rural and Semi-Urban Branches for promoting
sustainable and profitable agriculture and integrated development of rural areas. We have adopted 75 backward villages all over India
for promoting integrated development involving financial inclusion besides basic education, health and hygiene, conservation and
efficient use of water resources.

Bank of Maharashtra made its tryst with Financial Inclusion way back in 1989 when the Gramin Mahila Va Balak Vikas Mandal, an NGO
was established primarily to promote empowerment of the economically weak and women. Today there are more than 75,000 Self Help
Groups promoted by the Bank. We have two Rural Development Centers and 5 Mahabank Self Employment Training Institutes working
for Mahabank Agricultural Research and Rural Development Foundation.

The entire Network of branches has been brought under Core Banking Solution ie the Bank has achieved 100% CBS. With this all our 12
million+ customers are now customers of the Bank across India rather than be customer at one branch – Anywhere Anytime Banking in
the real sense. The endeavour of my 13700 strong team is to make transactions with and through Bank of Maharashtra, a cherishable
experience for every customer.

Maha Connect – Banks Internet Banking Service, Mobile Banking, Phone Banking and SMS Banking facility with online facility for funds
transfer are part of our IT Enabled services to our customers.

Income Tax Payment can be made through our ATMs now, in addition to the e-payment of taxes facility through our Internet Banking
service.
While technology no doubt provides competitive edge, it is only a tool. The real drive for growth rests with the people who use
technology. In other words it is our workforce that will drive our growth and hence very valuable. Even as we channelize their energies
to delight our customers, we endeavour to establish through equitable and transparent policies and actions a nurturing environment for
our workforce – opportunities for everyone to grow personally and professionally, to work in different business environment and gain
knowledge and competencies necessary to achieve career progress and meet growing expectations of customers; Rewards and
Recognitions for good performance and fair methods for determining accountability in case of non-performance are also part of
transparent and equitable policy.

With best wishes and greetings.

Yours faithfully,

Anup Sankar Bhattacharya

Chairman and Managing Director

BANCS

BANCS (Banks' ATM Network and Customer Services) is a consortium of member banks with one settlement bank; it currently has 13
member banks with eight more to join the network shortly. Members in BANCS: BANCS would support ATMs of member banks- Bank of
Maharashtra, Bank of Bahrain & Kuwait, Greater Bombay Co-op Bank, Centurion Bank, Central Bank of India, UTI Bank, Punjab & Sind
Bank, IDBI Bank Ltd, Ratnakar Bank Ltd, SBI Commercial & International Bank, Cosmos Bank, Air Corporation Employees Co-op Bank,
Saraswat Co-op Bank. Nearly eight more banks are expected to join this bandwagon. Bank of India will be the settlement bank for the
BANCS network. ISC is supporting the network of member Banks through a mix of VSATs, ISDN and leased lines as well as latest
technology of CDMA and GPRS from various Infrastructure providers for the ATMs.