Aviva and Bank of Maharashtra Alliance – A new beginning
Bank of Maharashtra and Aviva India has entered into a Corporate Agency arrangement for distribution of Life Insurance products which marks the first ever Public Sector Bank partnership under Open Architecture regulations.
Bank of Maharashtra is a major public sector bank in India which has a proud existence of 82 years. The Bank was founded in the year 1935 and commenced operations in Feb 1936. Right from its inception, the focus of the Bank has been to assist small business enterprises, traders, self-employed and other common men.
The Bank carries a vision to be the most vibrant, forward looking, techno-savvy, customer centric bank serving diverse sections of the society, enhancing shareholders and employees value while moving towards global presence.
Government of India holds 81.61% of the total shares. The bank has more than 2.25 Crore customers across the length and breadth of the country served through 1850 plus branches as of December 2017 of which 55% branches are in rural and semi urban area. It has the largest network of branches by any public sector bank in the state of Maharashtra. The branch network includes specialized branches in the area of foreign exchange, Government business, Treasury and International Banking, Industrial Finance, Small Scale Industry and Hi-tech agriculture, Pension Payment, Self Help Groups etc. The Bank’s Net Worth stood at Rs. 5486.47 crore as on 31.03.2017
Together we will ensure that we are available for all our customers across all the digital touch points through dedicated customer portal, efficient mobile app and for all the stages of our customers’ journey i.e. Pre-sale, Point of Sale and Post-sale.