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Bank Of Maharashtra IFSC Code and MICR Code:

Bank Of Maharashtra state wise list of all branches, IFSC code, MICR code and Addresses within India

Find any Bank Of Maharashtra branch details in India

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Bank Of Maharashtra IFSC Code

About Bank of Maharashtra

Bank of Maharashtra is one of the major public sector banks in India. It was founded in 1935 founded by a group of visionaries successfully led by the late V. G. Kale and the late D. K. Sathe. It’s headquarter is located at 1501 Lokmangal Shivajinagar Pune in the state of Maharashtra in India. It is to be noted that government of India largely holds 81.2% of the total shares. It is to be remembered that the bank has approximately 15 million esteemed customers across the country that are served through more than 1922 branches.

In the state of Maharashtra it has largest network of branches by any public sector bank. On 16 September 1935 this bank was registered as a banking company at Pune. On 16 September 1935 this bank was registered with an authorised capital of just Rs. 1 million. On 8 February 1936 it began business in the open market. The financial assistance given by this bank to small units has successfully given birth to several of present industrial establishments. In 1969 the bank expanded rapidly after nationalization.

Bank of Maharashtra IFSC Code

The Bank of Maharashtra (BOM) IFSC code plays a very important role in the internet banking industry as it assists in successfully carrying out RTGS and NEFT transfers online. It is assigned by the Reserve Bank of India. The first six letters of the Bank of Maharashtra IFSC code are MAHB0******. A banking customer needs to enter a unique IFSC code for the desired branch at the time of bank transfer for being able to process the transaction in a successful manner.

How to Search Bank of Maharashtra IFSC codes?

You can search for IFSC code for BOM (Bank of Maharashtra) easily by following the given below simple steps.
• You have to choose the branchs locality state and city in which it is located.
• Once you click the find button
• You will be able to obtain full information on the particular branch including their phone numbers address IFSC code.

Bank of Maharashtra MICR code

MICR (Magnetic Ink Character Recognition) code actually contains just numerical values only. In reality it is a Nine digit code which is normally printed on cheque leaves. This particular is basically used for successfully processing cheques very easily. It is to be remembered that Bank Of Maharashtra branches has NEFT support most of these branches has RBI allotted MICR Code number.

How to Search Bank of Maharashtra MICR codes?

The Bank of Maharashtra MICR codes can be easily searched by following simple steps:
• You should select the state in which your branch is situated.
• Then you have to choice the district where your branch is located.
• Finally select the branch name of your desired branch for MICR code.
• You will get the desired details and its relevant information for your further banking activities.

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Bank Of Maharashtra IFSC Code News:

Bank of Maharashtra declared loss of Rs.397.4 crore over NPAs

Bank of Maharashtra (BoM) is now a part of rising ranks of unprofitable list of PSBs. The bank has declared loss to the tune of Rs.397.40 crore during the first quarter which ended as on 30th June because of increasing provisions & NPAs. BoM had reported a net profit amount of Rs.59.44 crore in the same period during the last fiscal year. Gross Non-performing assets ratio was at 12.64 per cent which amounted to Rs.13,040 crore whereas net NPAs were at 8.73 per cent which amounted to Rs.8,609 crore. Bad loans provisions amount doubled to Rs. 842.50 crore in the 1st quarter. Gross Non-performing assets surged up 72.14 per cent whereas Non-performing assets rose 82.86 percent on a year on year basis. BoM operating profits down by 24.76 per cent amounts to Rs.458.73 crore during the quarter which ended on June, 2016.

2016/08/15 09:31 PM

Rs 500 Cr raised by Bank of Maharashtra

By the issue of Basel  III Compliant Tier II bonds which are unsecured, redeemable and Non Convertible the Bank of Maharashtra  has raised a sum of Rs 500 Crore. CARE has rated these bonds as AA hyb . ICRA and AA have rated have also given the same rating to these bonds. The coupon rating of these bonds is 9.2 % per annum. On BSE the Bank of Maharashtra shares were last seen trading at Rs 33 in comparison to the previous closing at Rs 32.75 In over 287 trades the total number of shares bought and sold was 44353. The net turnover seen during the day was Rs. 1464636 and the intraday low was of Rs 32.8 and the intraday  high was of Rs 33.3.

2016/07/04 11:01 PM

In rejecting RTI pleas, Bank of Maharashtra third among PSBs

Among the PSBs in the country, the Bank of Maharashtra has the third highest rejection rate, with approximately 43.70 per cent of the RTI applications rejected. As per the report largely published by Central Information Commissioner, this particular bank has rightly rejected nearly 43.70% of the RTI applications that it had received in the year 2014-15 in the open market. It is to be remembered that when it directly or indirectly comes to perfect dealing with RTI applications, CIC properly throws up interesting and changing trends in the open market regarding the performance of public sector banks (PSB)s with a lot of perfection.

With the Pune-based Bank of Maharashtra popular and leading in the fray, among the 24 PSB, around 10 have declared decrease in the number of RTI applications that it had largely received for the year 2014-15.  On the other hand, when it directly comes to perfectly implementation of RTI, PSBs dont have a good track record in the open market. Most of the Banks have complained regarding the additional task on them largely due to the RTI applications to a great extent. Moreover, analysis of the data of CIC perfectly mentions regarding how banks rightly receive just only a fraction of the RTI applications that are filed with several government bodies.

2016/04/19 06:28 AM

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