Indian Banks

Bank of Maharashtra is a premier Nationalised Bank invites applications from Indian Citizens for the posts in Clerical Cadre on the basis of suitability cum interview.

Clerical Cadre (Clerk) – 650 posts (SC-73, ST-58, OBC-167, GEN-352)
Vacancies : Maharashtra – 495, Punjab – 6, Chandigarh – 3, Himachal Pradesh – 4, Haryana – 7, TN – 5, Delhi – 10, Uttarakhand – 5, Uttar Pradesh – 12, MP – 24, AP – 10, Chhattisgarh – 5, West Bengal – 9, Assam – 3,Arunachal Pradesh -3, Sikkim – 2, Bihar – 3, Karnataka – 12, Gujarat – 16, Rajsthan – 16
Pay Scale : Rs. 7200/- to Rs. 24900/-
Age Limit : For Graduates 18 to 26, For Undergraduates 18-21
Qualification : 12th Pass with 60 % marks in aggregate. OR a degree from UGC recognized University Must have secured minimum 60% marks in mathematics at SSC/ 10TH STD Should have Computer Literacy. For SC/ST/PC/Ex. Serviceman only 55% marks in aggregate.

Application Fee : Rs.100/- for OBC/General and Rs.50/- for SC/ST/PC/XS. The fees/postage must be paid by a single Demand Draft / Bankers Cheque issued by a Scheduled Commercial Bank to be drawn in favour of “BANK OF MAHARASHTRA CLERICAL RECRUITMENT PROJECT-2010″ Payable at PUNE.

How To Apply : Candidates can apply on-line. The online application registration link on official site will be open from 01-07-2010 to 20-07-2010. (OR) for those who desire to send their application by post may send to “BANK OF MAHARASHTRA CLERICAL RECRUITMENT PROJECT-2010 POST BOX NO. 912, SHIVAJI NAGAR, PUNE-411005″ on or before 24-07-2010. The last date for receipt of application from candidates from far flung areas is 31-07-2010.

Challan Format: http://www.bankofmaharashtra.in/downdocs/Challan_Format.pdf
Further Information: http://www.bankofmaharashtra.in/downdocs/advertisement.pdf

Popularity: 2% [?]

Public sector lender Bank of Maharashtra reported a 7 per cent drop in net profit to Rs 112 crore for the quarter ended December 2009 against Rs 120.6 crore in the year-ago quarter. Net interest income, or the difference between interest earned and interest paid, grew 5 per cent to Rs 361 crore from Rs 343 crore in the December 2008 quarter.

The biggest fall was in other income, which decreased 32 per cent to Rs 113 crore from Rs 166 crore in the corresponding quarter last year. Provisions grew from Rs 35.1 crore in the December 2008 quarter to Rs 46 crore.

Popularity: 1% [?]

Bank of Maharashtra is an Indian bank based in the city of Pune. The bank was established in the year 1935 with an initial authorized capital worth Rs. 10.00 Lacs, although it became operational in the early phase of the next year. The bank got nationalized by the Government of India in the year 1969. With a total number of 1421 branches located all over India as of April 2009, the bank claims to have the largest number of branches within the state of Maharashtra, among all the Public Sector banks.

Commonly known as a common man’s bank, Bank of Maharashtra adopts a philosophy of “Technology with personal touch”, and follows its motto stating “One Family, One Bank, Bank of Maharashtra”.

Facilities
All the branches of Bank of Maharashtra have been fully computerized, with Depository services and Demat facilities being offered at 131 branches as of April 2009. The bank aims at increasing its ATM network from 345 to 500 soon, apart from planning to install Biometric ATMs at some selected branches. Apart from it, introduction of Phone Banking, Internet Banking and Mobile Banking is also on the cards.

Other Highlights
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. Mahabank Self-Employment Training Institute (M-SETI) is an effort initiated by Mahabank Agricultural Research & Rural Development Fund (MARDEF), a trust run by Bank of Maharashtra receiving help from National Bank for Rurl Development (NABARD). The institute runs various self-employment oriented training courses for the rural unemployed youth from the districts of Pune, Kolhapur, Satara, Sangli, Nashik, Ahmednagar, Jalgaon, Dhule and Nandurbar.

Mahabank Info Centre is a yet another initiative by Bank of Maharashtra aimed at providing various retail baking related information to the customers, and enabling smoother operations for them.
Bank of Maharashtra is the premier bank of Maharashtra, operating in the country of India.

Registered on 16th Sept 1935 with an authorized capital of Rs 10.00 lakh and commenced business on 8th Feb 1936.

Known as a common man’s bank since inception, its initial help to small units has given birth to many of today’s industrial houses. After nationalization in 1969, the bank expanded rapidly. It now has 1375 branches (as of 31 March 2008) all over India. The Bank has the largest network of branches by any Public sector bank in the state of Maharashtra.

Future Plans – Vision 2009

To cross the Business Level of Rs.85,500/- Crores by March 2009. 19.84% Growth in Savings Bank Deposits and average Saving Deposits growth rate of 17.69%. 19.65% Growth in Current Deposits and average Current Deposits growth rate of 17.29 Systematic approach for reducing Net NPA level to below 1% 64 Branches are proposed to be opened at new business centres and 3 extension counters to be converted into full fledged branches. 4 Currency Chests to be opened. ATM network to be increased from 345 to 500 Biometric ATMs to be introduced at selected branches. Introduction of Internet banking, Mobile banking and Phone banking. SHGs with special reference to agriculture to be promoted and financing be implemented so as to increase financing to small and marginal farmers. Financial Inclusion to the unbanked section of the population

Popularity: 1% [?]