Support and Resistance Levels
Past performance
About Bank of Maharashtra Bank of Maharashtra, a Public Sector Bank established in 1935, provides extensive banking and financial services including personal banking, retail loans, corporate finance, and international banking. It operates a substantial network of specialized branches across India, focusing on sectors like Foreign Exchange, MSME, and Agriculture. The bank has one subsidiary, The Maharashtra Executor & Trustee Company Pvt Ltd, and sponsors regional rural banks, enhancing its reach in rural areas.
After rapid expansion post-nationalization in 1969, the bank reached significant milestones, including achieving autonomous status in 1998 and launching its IPO in 2003. In recent years, it has focused on technological upgrades, expanding its distribution network, and introducing innovative financial products. With support from the Government of India, the bank has enhanced its capital base and navigated challenges like high NPAs, implementing strategic initiatives like Project 'Utkarsha' for transformation. As of March 2023, Bank of Maharashtra operates 2,203 branches, emphasizing its comprehensive service offerings and expansive reach.