Nanded is the 8th largest city in the state and the second largest in the Marathwada subdivision of the Indian state of Maharashtra. It is a major destination Sikh pilgrims as the city was the permanent abode of the 10th Sikh Guru - Guru Gobind Singh, who passed away in the city in 1708. Nanded is closer to Hyderabad than to the Maharashtra state capital Mumbai. The city of Nanded is divided into two distinct parts by the Godavari - the old Nanded on its north bank and the new city in the south. Nanded is known for the agricultural trade of cotton, mangos, soya beans, bananas, sugarcane, sweet limes, and sorghum that are cultivated in and around the city. The city has an agricultural school and a cotton research center dedicated to assist the cotton production industry. The tourism industry also fuels the citys economy. 10 million visitors and religious pilgrims boost the tourism industry of the city.
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.