BOM Full Form- Bank of Maharashtra

Pune is home to the public sector bank Bank of Maharashtra in India. 

As of June 2023, the bank had 2263 branches nationwide and 30 million customers. Out of all the nationalised banks in Maharashtra, it has the most branches. When it comes to the growth of loans and deposits in percentage terms during 2022–2023 among public sector lenders, the state-owned Bank of Maharashtra (BoM) has shown to be the best performer. 

The lender with its headquarters in Pune saw the greatest increase in profitability over the course of the year, with its bottom line increasing by about 126% to Rs 2,602 crore.  

In Pune, V.G. Kale and D. K. Sathe started the bank. With a US$1 million authorised capital, the bank was officially established on September 16, 1935, and it started operations on February 8, 1936. It gave rise to numerous industrial houses and offered financial support to small businesses. In 1969, the bank was nationalised.

Products and Services Offered by Bank of Maharashtra 

Several savings accounts are available from Bank of Maharashtra, based on the demands of the clients. These accounts give the finest financial returns on your investment along with total savings protection. The bank provides savings accounts in every category, ranging from standard to premium. These days, having a savings account is a must and a necessary part of living a stress-free, contented life. The comprehensive analysis of every account that the bank offers may be seen below.

With the bank's current accounts, users can take advantage of free services including SMS alerts and NEFT/RTGS transactions.

provides a range of home financing programs for anyone looking to build or buy a house.Housing loans up to Rs. 30 lakh are available from Bank of Maharashtra, but they are only available to those who qualify for PMAY. 

Up to Rs. 1.5 lakh in loans are available, with terms as long as 36 months.Eligible individuals are current home loan borrowers and corporate salary account holders who have had a minimum of one year's standing with the bank.