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Bank of Maharashtra

Maharashtra has a long history of commercial activity since ages because of its strategic location in Indian sub continent and its large natural resources. Maharashtra has been a progressive region and the Banking activity was also started in this region quite early.

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

Bank of Maharashtra news

Bank of Maharashtra organizes Exporters-Importers Meet

Pune: Bank of Maharashtra (BoM), a premier public sector bank in the country, organized Exporters-Importers Meet at Pune on 21st December 2020. More than 80 Exporters & Importers including the prominent business houses of Pune Participated in the event.   Mr. Hemant Tamta, Execut
Posted Date :  26-12-20

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