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Today Date : Saturday, May 18, 2024

Bank of Maharashtra aims at  promoting strong customer relationships

Bank of Maharashtra aims at promoting strong customer relationships

The Bank of Maharashtra organized a customer outreach program in Chennai to provide easy access to its services to its customers. 
Customers and officials from Tamil Nadu & Pondicherry participated in the event, which showcased the bank's dedication in promoting strong relationships with its valued customers. 
Asheesh Pandey, Executive Director of the Bank, was the chief guest and briefed the customers about the Bank's new schemes, investment plans, specialties of the bank accounts, YoY annual growth and future growth of the bank. 
Mr. Pandey thanked the customers for their continued patronage of the bank and thanked the bank employees for their hard work. 

The Bank of Maharashtra (BoM) has emerged as the best bank in terms of management of bad loans, with net non-performing assets (NPAs) falling as low as 0.25 per cent during the financial year ended March 2023.
BoM has provisioned almost completely for the NPAs and has highest Provision Coverage Ratio at 98.28 per cent. 

In terms of loan growth, BoM retained top spot among the scheduled commercial banks by recording a 29.49 per cent increase on annual basis. 
BoM also recorded highest growth in profitability with bottom-lines growing almost 126 per cent to Rs 2,602 crore during the year. 

More than 350 customers attended the programme, with 1261 SB accounts, 51 Current accounts, 757 PMSBY, 355 PMJJBY, 201 APY and a total business of 165.47 crores mobilised. Shri. Asheesh Pandey, Executive Director, Bank of Maharashtra handed over Sanction Letters to various customers ranging from beneficiaries of MSME,Retail and Education Loans.