Navi Mumbai is a planned township in the Indian state of Maharashtra. It is a beautiful and well-organized city located in the Thane district towards the north-east of Mumbai. Navi Mumbai was originally planned in 1971 with an aim to decongest the great city of Mumbai. This new township is a fast developing residential and commercial area that offers all modern infrastructure and amenities. A considerable amount of commercial activities are being gradually shifted from Mumbai to this new township. Navi Mumbai flouts its organized roads that offer excellent connectivity. A new international airport at Navi Mumbai is currently under construction. Navi Mumbai is also famous for its many shopping malls and upcoming residential complexes. Most of the software companies that are operational in Maharashtra have opened their offices in Navi Mumbai. The government of Maharashtra has taken initiatives to set up IT parks at Navi Mumbai to cater to the growing demand or this rapidly growing city. It also helps declutter Mumbai and takes considerable pressure off it. Various educational institutions have come up in Navi Mumbai, offering courses in a variety of streams including engineering, medical sciences, hotel management, interior designing, etc. This young city has already become an active business hub since most of the MNCs based in Mumbai have set up their offices in this new city. Along with plenty of employment opportunities, this city offers entertainment and recreational facilities to ensure a comfortable life for the residents.
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.