The city of Dewas is located on the Malwa plateau in the Indian state of Madhya Pradesh. It functions as the administrative center of the Dewas District. Dewas is an industrial city. It houses a government bank note press which happens to be the largest of its kind in Asia. The word Dewas is assumed to be a combination of the words Dev which means deity and Vas which means abode; so Dewas refers to the house of the God. The city lies at the foot of a conical hill, known as Chamunda hill, which has the shrine of the Goddess Vashini on its peak. The city was known for being a production center of retail opium during the 19th century. The city has many industrial units of companies like Tata, Kirloskar, Arvind Mills, Gajra Gears, Sun Pharma Industries Limited, etc. employing thousands of workers. The city is known for its soya bean processing industry in the country. Places of tourist interest in and around Dewas are Mata Tekri, Kaila Devi temple, Meetha Talab, Chamunda Hills, etc.
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.