New Delhi, October 4: The Bank of Maharashtra has shut its 51 branches across the country as a cost-cutting measure. Under the plan, seven branches of Bank of Maharashtra in Thane, six in Mumbai, five in Pune and four in Jaipur among others have been closed. The BoM has around 1,900 branches all over India. Scroll down to get the list of branches that no longer exist.
The Bank of Maharashtra said the 51 branches were closed and merged for public convenience. The IFSC Code and MICR codes of these branches have also been cancelled and all the savings, current and other bank accounts have been transferred to the branches with which they have been merged. The old IFSC/MICR Codes will be discontinued permanently from December 31. Maharashtra: Rs 225 Crore Subsidy to Milk Farmers Pending for Want of Bank Account Details.
The Bank of Maharashtra has asked customers to submit their cheque-books issued from the closed branches with the old IFSC/MICR Codes by November 30. The branches shut are in: Thane (7), Mumbai (6), Pune (5), Jaipur (4), Nashik and Bengaluru (3 each), Amravati, Latur, Aurangabad, Jalgaon, Nagpur, Satara, Hyderabad and Chennai (2 each), NOIDA, Kolkata, Chandigarh, Raipur, Goa, Solapur, Kolhapur (1 each).
BoM List of 51 Merged Branches by on Scribd
Earlier on June 29, barely nine days after the arrests of the BoM top brass, the management had relieved CMD Marathe and the Executive Director R.K. Gupta, of all their functional responsibilities. The management action came after Marathe, Gupta, the BoM's MD and CEO Sushil Muhnot and three others were nabbed in the alleged scam, which created a political furore.
(The above story first appeared on LatestLY on Oct 04, 2018 09:08 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).