Jalna is a growing city in the Jalna district of the Aurangabad or Marathwada Division in the Indian state of Maharashtra. It was earlier a part of the Hyderabad State as a tehsil of the Aurangabad district before Jalna district was formed and included within the territorial boundaries of Maharashtra on 1 May 1981. The city lies beside the Kundalika River, with a population of around 3 lakh people. Indias first cotton-ginning and oil-pressing factories were established in Jalna in the year 1863 by Mr. Pestonji Meherwanji. Most of the residents of Jalna are employed in these factories. The city is connected to the rest of the country via roads and railway.
the Bank of Maharashtra is a significant public sector bank in India owned by the government of India with 81.61% of the total shares. As of 5 April 2016, The bank had 15 million customers across the country and network of 1897 branches. It has the most extensive network of offices by any public sector bank in the state of Maharashtra. It was founded by V. G. Kale and D. K. Sathe, and on 16 September 1935, registered as a banking company at Pune with an authorized capital of ? 1 million. It began its operations on 8 February 1936. Banks financial assistance to small units has found many of todays industrial houses. In 1938, the second branch of the bank was opened at Fort, Bombay(currently Mumbai). The bank expanded rapidly after nationalization in 1969. Mr. Sushil Muhnot was the former Managing Director and Chairman before Mr. Ravindra Prabhakar Marathe, who is the current MD and CEO of the Bank of Maharashtra. In 1998, the bank had achieved autonomous status after moving into A category from C due to which it has limited interference of Government authority in its decision-making process and internal affairs. In 2004, it was listed in Bombay Stock Exchange and National Stock Exchange of India.