Bank of Maharashtra is an Indian public sector bank headquartered in Pune — one of the smaller nationalised PSU banks, known for its strong presence in Maharashtra. Founded in 1935, it is listed on BSE and NSE with the Government of India as the majority shareholder (~87%). It was not merged in the 2019-20 PSU bank consolidations and continues as an independent PSU bank.
| Founded | 1935 — Pune, Maharashtra |
| Owner | Government of India ~87% |
| MD & CEO | Nidhu Saxena |
| Listed | BSE: 532525 | NSE: MAHABANK |
| HQ | Pune, Maharashtra |
Who Owns Bank of Maharashtra?
Bank of Maharashtra is owned by the Government of India with approximately 87% stake — one of the highest government ownership ratios among listed PSU banks. The remaining ~13% is public/institutional float on BSE and NSE. Bank of Maharashtra was NOT merged in the 2019-20 PSU bank consolidations and continues as an independent nationalised bank. Official: bankofmaharashtra.in.
