[Attachment(s) from Maverick included below]
Bank Of Maharashtra- The Bank keeps innovating its Deposit and Loan Schemes and other services & products to meet the expectations of different segments of Society whether it be No Frills accounts and micro finance schemes or finance for large infrastructure, Industrial and Agril. projects. In other words, Bank of Maharashtra endeavours to be a Bank for Every Banking Need – a Financial Supermarket – a one stop Financial Mall – A Bank on which every member of a family can Bank upon. We endeavour to understand and anticipate the expectations of our customers so that we can confidently say Hum Samje Aap Ke Dil Ki Baat From a network of 1421 branches, at the end of March 2009, we have a network of 1455 branches as of 25.05.2010.We have planned more than 100 new branches during the Platinum Jubilee Year. With this initiative, Bank of Maharashtra will have presence in 25 States and 2 UTs including Arunachal Pradesh, Sikkim and Meghalaya. We have set up Retail Asset Branches at Strategic Centres to facilitate quick and hassle free appraisal and disbursement of Home Loans, Vehicle Loans, Mortgage backed loans and loans for consumer durables - at Pune, Delhi and Mumbai. There are 5 Asset Recovery Branches at Aurangabad, Pune, Mumbai, Kolkota and Nagpur for efficient and effective monitoring and recovery of Non-Performing Assts. We are aiming at a total business of Rs.1,25,000 crores by March 2011. Our focus will be on reaching out to unbanked and under banked places, small-micro and medium enterprises and promoting profitable and sustainable agriculture and related activities which are critical for employment generation and equitable economic growth. We are recruiting nearly 200 Graduates and Post Graduates in Agricultural Science to assist our Rural and Semi-Urban Branches for promoting sustainable and profitable agriculture and integrated development of rural areas. We are adopting 75 backward villages all over India for promoting integrated development involving financial inclusion besides basic education, health and hygiene, conservation and efficient use of water resources Bank of Maharashtra's tryst with Financial Inclusion way back in 1989 when the Gramin Mahila Va Balak Vikas Mandal, an NGO was established primarily to promote empowerment of the economically weak and women. Today there are more than 50,000 Self Help Groups promoted by the Bank and in the Platinum Jubilee Year, our endeavour is to have 75,000 SHGs.We are endeavouring to complete training to more than 7500 rural youth for setting up profitable small enterprises, through our 5 Mahabank Self Employment Training Inst. and to set up one more such Institute in M.P. in the Platinum Year. The entire Network of 1455 branches has been brought under one Banking solution ie the Bank has achieved 100% CBS. All our branches numbering about 1500 by March 2010 will be over One Banking Solution. With that all our 12 million+ customers will be customers of the Bank across India rather than be customer at one branch – Anywhere Anytime Banking in the real sense. The ambition and endeavour of my 13700 strong team is to make transactions with and through Bank of Maharashtra, a cherishable experience for every customer We have reduced the waiting period for issuing ATM-cum-Debit Card from 3 weeks to instant delivery of the Card through a welcome kit at the time of opening account w.e.f. 15th July 2009 at select branches. We will make this a reality at every branch in the days to come. Maha Connect – Banks Internet Banking, Phone Banking and SMS Banking facility with online and offline request for funds transfer are available to large segment of customers. In the near future, we will endeavour to facilitate Income Tax Payment through our ATMs in addition to the existing facility of electronic payment of Central Tax through our Internet Banking protocol. We will be delighted to see all our Tax Paying Customers availing of this facility. Facilitating Online submission of application for credit facility, starting with Retail Credit like Home Loan, Educational Loan, Vehicle Loan and facilitating quick/prompt processing and monitoring through Nodal Centres is on the cards While technology no doubt provides competitive edge, it is only a tool. The real drive for growth rests with the people who use technology. In other words it is our workforce that will drive our growth and hence very valuable. Even as we channelize their energies to delight our customers, we endeavour to establish through equitable and transparent policies and actions a nurturing environment for our workforce – opportunities for everyone to grow personally and professionally, to work in different business environment and gain knowledge and competencies necessary to achieve career progress and meet growing expectations of customers; Rewards and Recognitions for good performance and fair methods for determining accountability in case of non-performance are also part of transparent and equitable policy. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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Attachment(s) from Maverick
4 of 4 File(s)
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http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
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http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
****************************************************************
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