Azadi ka Amrit Mahatsav

Milestones in the journey for nation building:

Registered on 16-09-1935

1936 : Commenced operations on 08-02-1936 in 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).

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.

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.

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. Platinum Jubilee Year concluding ceremony at the hands of the then Finance Minister, Shri Pranab Mukherjee held at Vigyan Bhavan, New Delhi. New initiatives like Mahachetana, opening of E-lounges in Pune, Mumbai and Delhi, Micro Asset Recovery cells were implemented.

2011 : First SHG Branch opened in Pune. Bank sponsored Maharashtra Gramin Bank achieved 100% CBS in record 77 days. 77th anniversary of Foundation day celebrations at the hands of Honble Finance Minister, Shri Pranab Mukherjee dedicating 5 specialised branches to SHGs and opening of 5 Mid-Corporate branches on the occasion. First ever visit of Union Finance Minister to Bank’s Central Office - Honble Finance Minister, Shri Pranab Mukherjee visits Lokmangal, the Bank’s Headquarters in Pune on 7-11-2011.

2012 : Hon’ble Union Finance Minister Shri P Chidambaram inaugurates the Bank’s 1624th branch at Rajgambiram on 25.08.2012.

2012: Bank’s total business crossed Rs.1,50,000 cr and reached the level of Rs. 1,51,320 crore. Bank of Maharashtra awarded “Best Banker – Customer Friendliness” for 2012 by The Sunday Standard. Received the Dun & Bradstreet – Polaris Financial Technology Banking Award 2012 as Best Public Sector Bank under the category “Asset Quality”. BoM hosted Bancon 2012 in Pune on 24th-25th November 2012. Hon’ble Union Finance Minister Shri P. Chidambaram inaugurated the Conference.

2013 : Rupay card launch by Sonia Gandhi in Delhi 50 Branches opened on 15th August 2013 Total Business Crossed Rs. 2.00 Lakh Crore

2015 : 26 new branches; Branch network reached 1889 Launched “Mahamobile”-Mobile Banking Application ISO 27001:2013 certification for its Data Centre, DR Centre, PMO & HO-IT

2016 : Bank crossed milestone figure of Rs 2.50 Lakh Crore Implemented “MAHASECURE” – add on application for Internet Banking; because of which no phishing attacks have been reported

2017 : Bank opened specialized Branches for increasing Retail, Agriculture & MSME portfolio

2018 : A special stressed Assets Management Vertical (SAMV) established

          : A dedicated Housing Finance Branch Opened in Pune

2019 : Bank was launched on various social media platforms like Facebook, Twitter, LinkedIn, Youtube, and Instagram & Pinterest

         : ISO 9001: 2015 certification for Bank’s Staff Training College

2020 : Doorstep banking services

2021 : Bank crossed milestone Business figure of Rs. 3.00 lakh crore

           : Total number of branches crossed 2000 landmark

           : Digital lending platforms for home, car, personal loans

           : Fintech tie-up for online MSME lending

           : Whatsapp Banking launched for convenient banking

           : Housing Finance branches opened across major Metro cities