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Bank of Maharashtra inaugurated its first dedicated Branch for Start-ups in Pune

Bank of Maharashtra inaugurated its first dedicated Branch for Start-ups in Pune_50.1

State-owned Bank of Maharashtra (BoM) has opened its first dedicated branch for startups in Pune, Maharashtra. The dedicated branch will provide all kinds of support to a startup during its growth journey. Asheesh Pandey, Executive Director, Bank of Maharashtra, was present in the inaugural ceremony. Sadashiv Survase, Joint Director, Industries, Govt. of Maharashtra, Sajit Kumar, Senior VP SIDBI venture capital, General Managers of the bank, entrepreneurs from start-ups along with customers were present at the event. During the event Bank of Maharashtra signed an MoU with SIDBI venture capital for proactive financing of start-ups. Start-ups are an entrepreneur venture in early stage of business operation, which if properly nurtured becomes an integral pillar of economic growth, employment generation while satisfying evolving needs of its clients with innovation.

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About the Bank of Maharashtra:

Bank of Maharashtra is a public sector bank in India, with its headquarters located in Pune, Maharashtra. It was founded in 1935 and nationalized in 1969. The bank offers a wide range of banking services, including personal banking, corporate banking, and international banking. It has a network of branches and ATMs across India, and also offers online banking services. The bank is committed to providing its customers with quality service and innovative products, and has won several awards for its performance and achievements.

Important takeaways for all competitive exams: 

  • Bank of Maharashtra CEO: A. S. Rajeev (2 Dec 2018–)
  • Bank of Maharashtra Headquarters: Pune
  • Bank of Maharashtra Founders: D. K. Sathe, V. G. Kale
  • Bank of Maharashtra Founded: 16 September 1935

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