Panvel is a city in the Raigad district of Maharashtra. It is situated in the Konkan Division of the state. It is a highly populated city since it is close to Mumbai. Panvel falls within the territorial boundary of the Mumbai Metropolitan Region. The Panvel creek borders the city on one side and there are mountains on the other sides of the city. Panvel is surrounded by some major industrial hubs housing the units of companies such as Larsen & Toubro Ltd., Reliance, ONGC, Hindustan Organic Chemicals Ltd., IPCL, etc., providing mass employment to the residents of Panvel. The JNPT port is situated near Panvel. A new SEZ is being set up by the government around Panvel. The places worth visiting in Panvel are Karnala fort, Karnala bird sanctuary, Gadeshwar dam, Matheran, Ballaleshwar Pal, Bet El Synagogue, Varadvinayak, etc. The city is very well connected to neighboring areas 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.