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15 Mins read
•BankingWhy Bank of Maharashtra Leads in Loan Growth 2023
Summary
Founded in 1935 in Pune, Bank of Maharashtra began supporting small businesses and now operates over 2,263 branches. Nationalized in 1969, it expanded financial inclusion and saw marked growth in loans and deposits in 2022-23. Diversified in services and led by visionary leadership, BoM continues its digital transformation with a commitment to excellence under the motto ‘Ek Parivaar, Ek Bank’.
Key Takeaways
- Founded in 1935 in Pune to support small businesses.
- Nationalized in 1969, emphasizing financial inclusion and rural banking.
- Recorded significant growth in loans and deposits in 2022-23.
- Diversified services and ongoing digital transformation under strong leadership.
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