Search results
Results from the WOW.Com Content Network
Today, Bank of Maharashtra operates across all 28 states and 7 union territories, solidifying its position as a leading Pan-Indian banking institution with a vast and comprehensive national presence. For the year ending March 31, 2024, the Bank of Maharashtra reported a total business of ₹ 4,74,411 crore, with net a profit of ₹ 4,055 crore.
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
Bank of Maharashtra; Buldana Urban Cooperative Credit Society; C. CreditWise Capital; D. Dombivli Nagari Sahakari Bank Ltd. M. Maharashtra Gramin Bank; R.
The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government. [ 1 ] The next major government intervention in banking took place on 19 July 1969 when the Indira government nationalised an additional 14 major banks.
Punjab & Maharashtra Co-operative Bank Limited (PMC), was a multi-state co-operative bank that began operations in 1983. It had 137 branches spread over half a dozen states of India and nearly 100 branches were in Maharashtra. It was regulated by the Reserve Bank of India and registered under the Cooperative Societies Act. [1]
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The company tied up with State Bank of India in 2006, [8] Punjab National Bank in 2007 [8] and Axis Bank in 2013 [9] to offer online trading to its customers. In January 2010, the company set up a mutual fund business named as Motilal Oswal Asset Management Company (MOAMC). [10]
CAMS was founded in early 1988 by V Shankar working in software development and computer education. During Y2K, CAMS pivoted to domestic financial services.. The Indian financial services industry experienced a renaissance in the period 1997/8-2006/7, with changes in regulation, products, and supporting infrastructure.