Mangalore, Nov 21: The Bank of Maharashtra inaugurated its 51st branch in Karnataka in Adyar, Mangalore on Nov 21, Saturday.
Allen C A Pereira, the chairman and managing director of Bank of Maharashtra, inaugurated the branch and said that the bank will celebrate its platinum jubilee in September 2010. He also said that the bank provides instant ATM and debit cards, which can be activated within 36 hours. Moreover, the bank has successfully created a turnover of Rs. 95,000 crores to the present date.
He also informed that the Bank of Maharashtra comprises 50,000 self-help groups and has plans to create 50,000 more such groups in future. The bank also plans to adopt backward villages and work toward better water management, sanitation, and agricultural methods.
He also informed that the bank is equipped with 15 ATMs in Karnataka alone and that it plans to establish more branches and ATMs in Karnataka during this financial year. The bank intends to have a network of 1,500 branches in all states of India.
K Vairamani, the deputy general manager of Bangalore region, welcomed the gathering.