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Bank of Maharashtra is an Indian public sector bank headquartered in Pune.The bank had 30 million customers across the country with 2263 branches as of June 2023. It has the largest network of branches of any nationalised bank in the state of Maharashtra.State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth in ...
The National Payments Corporation of India (NPCI) is an organization that operates retail payments and settlement systems in India.The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.
Payments banks are a new model of banks, conceptualised by the Reserve Bank of India (RBI), which cannot issue credit. These banks can accept a restricted deposit, which is currently limited to ₹ 200,000 per customer and may be increased further. [1] [2] These banks cannot issue loans and credit cards.
Regional Rural Banks (RRBs) Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance, Government of India, Sponsered Bank and concerned State Government in the ratio of 50:35:15 respectively.
Maharashtra Gramin Bank [1] is an Indian Regional Rural Bank (RRB) or Gramin bank, in the State of Maharashtra with its head office is in Aurangabad. It is one of the 43 Gramin banks in India supported by the government that aim to bring banking services to rural areas. It is under the ownership of Ministry of Finance , Government of India .
There are 49 scheduled urban co-operative banks in India. Abhyudaya Co-operative Bank Ltd. Apna Sahakari Bank Ltd. [69] Ahmedabad Mercantile Co-Op Bank Ltd. [70] Amanath Co-operative Bank Ltd. [71] Andhra Pradesh Mahesh Co-Op Urban Bank Ltd. Bassein Catholic Co-operative Bank Ltd. [72] Bharat Co-operative Bank (Mumbai) Ltd.
The erstwhile Maharashtra State Electricity Board (MSEB) was looking after Generation, Transmission & Distribution of Electricity in the State of Maharashtra. But with the enactment of the Electricity Act 2003 of the Government of India, MSEB was unbundled into 4 Companies on 6 June 2005 viz. MSEB Holding Company Limited
PhonePe emerged as a significant player in processing transactions on the Bharat Bill Payment System, according to reports. It reportedly registered over 1 million UPI-enabled AutoPay mandates since the launch of the AutoPay functionality feature. It had also processed over 2 billion monthly transactions on its platform in October. 2022