Baranagar is an emerging city in the Indian state of West Bengal. It is a municipality in the Barrackpore subdivision of the North 24 Parganas district and territorially belongs to the Kolkata Urban Agglomeration. The area was occupied by the in the seventeenth century. An old mansion of the Dutch merchants still remains in the Kutighat area. There was a hog factory in the area where around 3,000 hogs were slaughtered and salted for export every year. Hogs are called "Baraha" in Bengali and hence the area came to be known as "Baraha Nagar" or the "town of hogs." The name got modified to Baranagar later. Baranagar was a renowned center for the extensive jute trade and manufacturing gunny bags during the British era. Baranagar hosts the Indian Statistical Institute or ISI, which is an institution of national importance. It is devoted to research, teaching and application of statistics, social sciences and natural sciences. The city is a major industrial center for the manufacture of agricultural and industrial machinery. Furthermore, the city also has several units for the manufacture of chemicals, castor oil and matches. It also has numerous cotton-processing companies. Temples such as Kaancher Mandir, Joy Mitra Kali Bari and Pathbari draw a lot of local tourists to Baranagar.
the Bank of Maharashtra was founded on 16 September 1935, at Pune and commenced its operations on 8 February 1936. In 1938, the second branch of the bank was opened at Fort, Bombay(currently Mumbai). The bank expanded rapidly after nationalization in 1969. 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. In 1978, the new head office building was inaugurated by the late Prime Minister of India, Mr. Morarji Desai. In 1991, the Mahabank Farmer Credit card was introduced after the bank entered into domestic card business. In 2011, the first SHG branch was opened in Pune. In 2013, the Rupay Card was launched by Ms.Sonia Gandhi in New Delhi. In 2014, the number of BoM ATMs increased to 1827 by the addition of 1129 ATMs.In 2015, it reached the network of 1889 branches across India and launched Mahamobile as the mobile banking app. In 2016, the bank was awarded the Best Financial Inclusion Initiative by the IBA banking technology.