Latur, also known as Lattaluru, is an emerging city in the Marathwada region of the Indian state of Maharashtra. The city is close to the state boundary of Maharashtra and Karnataka, on the Balaghat plateau. It functions as the administrative headquarter of the Latur district. The city is a celebrated tourist hub as its historical monuments and the famous Kharosa Caves attract many visitors. Over the centuries, the place was ruled by various great rulers such as the Satavahanas, the Sakas, the Yadavas of Deogiri, the Delhi Sultans, the Chalukyas, the Bahamani rulers of South India, the Mughals, Adilshahi, etc. Latur is a major producer of sugarcane, edible oils, soybean, grapes and mango production. The Keshar Amba variety of mango was developed in the Latur region. Latur is the largest trading center for soybean in India. The city is within the sugar Belt of Maharashtra as it houses more than eleven sugar factories. It also has a thriving market for fruits, oilseeds and commodities. There are many industrial units for agro-processing, edible oils, consumer durables, aluminum processing, plastic processing, agriculture and biotech. It has many cold storage facilities that are privately owned as well as owned by the state.
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.