Bank of Maharashtra (MAHABANK.BO)
Bank of Maharashtra operates in the Banks - Regional industry of the Financial Services sector, headquartered in Pune, MA, IN. The stock last traded at $81.92, up 3.80% on the session, giving a market capitalisation of $630.41B. Its beta of 0.78 implies it has historically moved less than the broad market.
Established in 1935 and headquartered in Pune, India, Bank of Maharashtra delivers a comprehensive range of banking and financial services across the nation. Its operations are structured into key divisions: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking activities. The institution manages various deposit accounts, including savings, current, term, and demand deposits, alongside specialized capital gain schemes. Its extensive lending portfolio encompasses personal credit options such as housing, vehicle, top-up, education, gold, consumer, and general personal loans. Specialized schemes like salary gain, green financing, and Adhaar loans are also available, in addition to loans secured by property. For businesses, it provides working capital, term, project, infrastructure, export, and bill financing, alongside lines of credit and commercial lease rental facilities. The bank also facilitates account takeovers, offers non-fund based services, and extends credit to micro, small, and medium enterprises (MSMEs) and agricultural ventures. Beyond traditional offerings, Bank of Maharashtra delivers digital banking and lending solutions, supports government initiatives, and facilitates international trade through documentary credits, collections, and import/export financing. Additional services include issuing guarantees, providing travel-related foreign exchange, serving non-resident Indians (NRIs), offering various remittance options, and managing financial risks, including exchange rate hedging.
Bank of Maharashtra is most often compared with the following Financial Services names: