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Bank of Maharashtra was registered on 16th September 1935 at Pune with an authorised capital of Rs. 10.00 lakh by a group of visionaries with the objective to serve the common man who were till then neglected by the banking system. The first Board of Directors was led by Prof. V.G. Kale, Chairman and Shri D.K. Sathe, Vice Chairman. Other directors in the first Board were Shri V.P. Varde, Shri S.G. Marathe, Shri N.G. Pawar, Shri T.V. Ranade, Shri R.C. Sohoni, Shri M.R. Joshi, Shri B.M. Gupte and Shri F.D. Pudumjee.

Right from its inception the bank to help large number of businessmen, industrialists and traders, also declared that the bank would not lend more than Rs.5000 to any single person or concern as a matter of prudence and risk mitigation and that the bank would consciously keep away from speculative investment. The bank has adhered to these sound principles of prudence and risk management which had carried it through financial market turmoil for over seven decades and established the basis for growth and success. Even though a need was felt in business, trade and industrial circle in the region, for a new banking institution to provide confidence and support to business, trade and enterprise, it took sometime for the same to be articulated.

Vision: 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.

The Bank continued to have the support and patronage of the common man. Right from its inception, the focus of the Bank has been to assist small business enterprises, traders, self-employed and others commonly known as the Priority Sector.
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