BANK OF MAHARASHTRA

Done By

Muhammed Shafeeque.kk

Introduction

• Bank of Maharashtra (BoM) was registered in Sep 16, 1935 with an authorised capital of 1 million.It commenced business in Feb 8 1936. The bank was nationalised in 1969. BoM sponsored the following RRBs - the Marathwada Gramin Bank Ltd in 1976 and the Aurangabad-Jalna Gramin Bank Ltd in 1982. In FY04, BoM came out with its IPO. it known as a common man’s bank since its inception.

Cont….

• The Bank was founded by a group of visionaries led by the late V. G. Kale and the late D. K. Sathe and registered as a Banking Company on 16 September 1935 at Pune. Today, Bank of Maharashtra has over 15 million customers across the length and breadth of the country served through 1825 branches in 29 states and 2 union territories.

•Apart from providing regular banking services to the customers, Bank of Maharashtra has established two Joint Ventures to fulfill its other commitments towards the general public and society. These Joint Ventures are M-SETI and Mahabank Info Centre.

Company details.. Head office

Lokmangal, 1501Shivajinagar Pune – 411005maharahtra

key people• SHRI SUSHIL MUHNOT , Chairman• 1) SHRI C VR Rajendran • 2)SHRI R Athmaram Executive Director

Products• Loans, Credit Cards, Savings, Investment vehicles etc.

Revenue•  Rs.60939.4 million(US$980 million)

Total Assets• RS.48.1 crores

About Bank of Maharashtra(BOM)….

• Bank of Maharashtra one of the largest banks in western India.

• Registered as a banking company on the 16th of September, 1935 at pune.

• The authorized capita was Rs.10 lakhs and issued capital of Rs.5 lakhs.

• BoM has a network of 1,292 branches spread across 22 states

Cont…..

• The branch network includes 22 branches specialising in foreign exchange, industrial finance, small-scale industry and hi-tech agriculture.

• BoM offers numerous schemes such as: Mahabank Family Banking Card, Mahabank Educational Loan Scheme, Mahabank Aadhar Scheme for pensioners, Laghu Udhyami Credit Card Scheme and Women Empowerment Scheme.

• The bank implemented the rural bank mechanisation project to computerise its 591 rural branches, that capture 10.2% of the bank’s business.

Cont….

• BoM acquired a 9% stake in Global Trade Finance Pvt Ltd, a NBFC promoted by Exim Bank . In Jun 2004, the bank implemented RTGS for inter-bank fund transfer, FEX receipts & payments and treasury settlements.

• For the year to Mar 31, 2005, total income increased to Rs 27.5 bn, up 3.2% over the previous year’s figure. Net profit decreased 41.8% to Rs 1.8 bn.

• Bank has a tie up with LIC of India and United India Insurance company for sale of Insurance policies. Bank has achieved 100% CBS enabling anytime anywhere banking to its customers.

Mission

• To ensure quick and efficient response to customer expectations.

• To innovate products and services to cater to diverse sections of society.

• To adopt latest technology on a continuous basis.• To build proactive, professional and involved workforce.• To enhance the shareholders’ wealth through best practices

and corporate governance.• To enter international arena through branch network. • To be a vibrant, forward looking, techno-savvy, customer

centric bank serving diverse sections of the society, enhancing shareholders' and employees' value while moving towards global presence.

VISION• To be a vibrant, forward looking, techno-savvy, customer

centric bank serving diverse sections of the society, enhancing shareholders’ and employees’ value while moving towards global presence.

Bank’s Logo

The Deepmal

• With its many lights rising to greater heights.

The Pillar

• Our institution- Symbolising strength.

The Diyas

• Our Branches- Symbolising service.

The 3 M's symbolising

• Mobilisation of MoneyModernisation of Methods and Motivation of Staff.

Milestones• 1936 :Commenced business on February 8th.• 1938 :Second branch of the bank was opened at

mumbai.• 1945 :Deposits crossed Rs1.00 crore mark.

• 1946 :Deposits crossed Rs One crore mark. Formed fully owned subsidiary, The Maharashtra Executor & Trustee Company.

• 1969 :The bank was nationalized with 153 branches.• 1974 :Deposit base crossed Rs. 100 Crore mark.

• 1978 :Deposits crossed the figure of Rs.500 Crores• 1987 :100th branch of the bank oF opened at Indira

Vasahat,pune.

Cont..• 1991 :Mahabank Farmer Credit Card " was launched.Entered in

to Domestic  Credit Card Business.Main Frame Computer installed.Became member of the SWIFT.

• 1998 :The Bank attained autonomous status.

• 2000 :Deposits crossed Rs 10000 crore mark .• 2004 :Bank came up with Initial Public Offering

(IPO).–24% owned by Public. Listed in BSE and NSE.

• 2009 :1444 branches, 345 ATMs.Total business over RS.90,000 crore,902 CBS branches.

• 2011 : First SHG Branch opened in Pune.

• 2012 : Inaugurated the Bank’s 1624th branch at Rajgambiram on 25.08.2012.

Social Responsibilities• Bank of Maharashtra sponsors 87th Sammelan

2014 to be organized by Maharashtra Sahitya Parishad.

• Bank of Maharashtra has donated Rs. 2.00 lakhs to Shri Apang Vikas Mandal Saswad. The Mandal runs a Residential School for special children named as Jeevan Vardhini Matimand Nivasi Vidyalaya in Dive, Dist. Pune.

• Bank of Maharashtra Contributed Rs. 251.00 lakhs towards Chief Minister’s Relief Fund (Drought - 2013) for Drought Relief.

• Bank has donated Rs.15000/- to improve hygiene and basic amenities to 551 Govt. primary schools.

Cont…

• Solar Street Light donated for Barabanki District, UP- Under CSR activities.

• Bank's Rural Development Centres at Hadapsar and Bhigwan are undertaking vaious developmental activities for the benefit of the famers vi. Lab to Land project, reuse / rehabilitation of Saline Soil and advice on scientific use of inputs for optimum results.

• The Bank has established Five Mahabank Self Employment Training Institutes (MSETI), These provide training to rural youth and women for self employment. A total of 4605 candidates have been trained by the institutes so far.

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Total asset is the sum of all assets current and fixed. The asset turnover ratio measures. The ability of a company to use its assets to efficiently generates sales. The higher the ratio indicates that the company is utilizing all its assets efficiently to generate sales. Companies with low profit margins tend to have high asset turnover.

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Line 1

Issue

• Type of Issue – Equity• Equity offered – 10,00,00,000

shares• Face Value - Rs 10• Premium – Rs 13.00• Issue value – 230 crores

Other details

• Lead manager – SBI capital markets Ltd.

• Listing – BSE and NSE• Issue opened – Wednesday 25th,2004• Issue closed – Thursday march 4th,

2004

ELIGIBILITY OF THE BANK TO COME OUT WITH THE PUBLIC ISSUE

• Clause 2.2 of the Guidelines specifies the eligibility requirements for public issue by unlisted company.

• Clause 2.4.1,however,exempts a banking company from these requirements.

• In terms of clause 2.4.1,the bank is eligible to come to come out with public issue.

• The Bank had received necessary approval for making the issue through the fixed price route.

MINIMUM SUBSCRIBTION

• If the bank does not receive the minimum subscription of 90% of the issue amount, on the date of closure of the issue, or if the subscription level falls below 90% after the closure of the issue on account of cheques having been returned unpaid or withdrawal of applications, the bank shall forthwith refund the entire subscription amount received. If there delay beyond 8 days after the bank becomes liable to pay the amount, the bank shall interest as per section 73 of the companies Act, 1956

ISSUE MANAGEMENT TEAM

Lead managers to the issue

• SBI CAPITAL MARKETS LTD.• KOTAK MAHINDRA COMPANY LIMITED• ENAM FINANCIAL CONSULTANTS PRIVATE

LIMITED• A.K.CAPITAL SERVICES LIMITED• ALLIANZ SECURITIES LTDCo-managers to the issue

• KARVY INVESTOR SERVICES LTD.Registrar to the issue

• MCS LIMITED

Awards…• ‘National Award 2009 for Excellence in the

field of Khadi & Villege Industry‘.• Dr. D Subbarao, Governor, Reserve Bank of

India handing over the Rajbhasha Shield to Shri Allen C A Pereira, Chairman and Managing Director, Bank of Maharashtra

Awards..

• Better Managed Trophy to the Branch Managers( past and present) of the Tirupati

Branch. •   Indira Gandhi Rajbhasha shield (Second Prize)

for outstanding work in Hindi to Chairman and Managing Director of Bank of Maharashtra –

ShriAllen C A Pereira.  

Awards…

• Shri S Madhusudhan Rao, Branch Manager ,Kacheguda branch received the National Trophy(Metro branch).

• Chairman and Managing Director, Shri Allen C A Pereira, received the ‘Top Management Consortium Awards of Excellence -2008-09‘.

Awards…

• Chairman and Managing Director, Shri Allen C A Pereira received the 9th 'Indira Marketing Excellence Awards' 2010.

• Chairman and Managing Director Shri Allen C A Pereira received the Rajbhasha Shield from the Governor of RBI – Dr D Subbarao on 26.5.2010.

Awards…

• Shri. S. Karuppasami, Executive Director, RBI, Rceived the first Annual Dr. Baba Saheb Ambedkar Rolling Trophy for the Best Branch in disbursement and recovery of credit to SC/ST borrowers during 2010-11, instituted by Bank to Umbrale Branch (Nasik) on 14.04.2011 at Bank's Central Office, Lokmangal, Pune.

• Shri. A. S. Bhattacharya, Chairman & Managing Director, Bank of Maharashtra received the "Reserve Bank Rajbhasha Shield" for bilingual house magazine (Mahabank Pragati) for the year 2009 – 10.

Awards..

• Bank of Maharashtra has been awarded the "Best Banker in Customer Friendliness" by The Sunday Standard FINWIZ 2012. 

• Bank of Maharashtra has been Awarded "Special Award for Best IT Team" among Public Sector Banks - By IDRBT Banking

Technology Excellence Award 2013.     

Awards..

• Bank of Maharashtra has been awarded "Business Excellence in Banking Award

2013" by Time Research.  • Bank of Maharashtra has been felicitated as a

Best Public Sector Bank in India at the Dun & Bradstreet- Polaris Financial Technology Awards 2013 under the category 'Asset Quality'.

Awards…

• Bank of Maharashtra Grabbed 7 IPE BFSI Awards in 2nd IPE Banking Financial Services and Insurance award. Five awards in Organization Category and Two in Individual Category.

• Bank received " Greentech Fire Safety & Security Award 2013 " by Greentech Foundation in Gold category.

Awards..

• Bank of Maharashtra has won 4 awards in “The Sunday Standard Best Bankers Award 2013” in the following categories:-

• Best Indian Banker (large)• Best Public Sector Banker (large)• Best Banker -Customer Friendliness (large)• Best Banker -Efficiency & Profitability  (large)

• Shri Kamal Nath, Minister of Urban Development and Parliamentary affair, Govt. of India, presenting the award to Mr. Narendra Singh, Chairman & Managing Director at the function held at Tajmahal Hotel, New

Delhi on 6th September 2013.    

RIGHTS OF THE EQUITY SHARE HOLDERS

• Right to receive dividend, if declared

• Right to attend general meetings and exercise voting powers, unless prohibited by law.

• Right to vote either personally or by proxy, subject section 3(2E) of the bank Nationalization Act.

Result….

• Bank of Maharashtra had come out with a public issue of 10 crore shares. The issue was oversubscribed 12 times.

• i.e. equal to 120 crore shares were subscribed.

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