July 30, 2014 1:21 AM ET

Banks

Company Overview of The Maharashtra State Co-operative Bank Ltd.

Company Overview

The Maharashtra State Co-operative Bank, Ltd., a co-operative bank, provides credit and banking facilities to the primary agricultural credit societies, district central and state co-operative banks, and NRIs. It provides NRI services; deposits, including fixed, saving bank account, recurring, and current deposits; ancillary services, such as demat, treasury, clearing services, remittances, foreign inward remittances, foreign outward remittances, issuance of bank guarantee on behalf of exporters, transactions pertaining to import and export business, issuance of demand drafts in various foreign currencies, and purchase and sale of foreign currency notes from and to the present/new customers;...

9, Maharastra Chember of Commerce Lane

Fort

Mumbai,  400001

India

Founded in 1906

Phone:

91 22 2287 6015

Fax:

91 22 2204 3421

Key Executives for The Maharashtra State Co-operative Bank Ltd.

Managing Director and Director
General Manager
General Manager
Compensation as of Fiscal Year 2014.

The Maharashtra State Co-operative Bank Ltd. Key Developments

The Maharashtra State Co-Operative Bank Ltd. Announces Earnings Results for the Second Quarter of 2012; Appoints Pramod Karnad as New Managing Director

The Maharashtra State Co-operative Bank Ltd. announced earnings results for the second quarter of 2012. For the quarter, the company reported posted INR 180 million as turnaround profit. Until the end of fiscal 2012, the bank has registered an accumulated loss of INR 750 million. The company announced that Pramod Karnad has been appointed as the new Managing Director. Karnad was officiating as Maharshtra State Co-operative Bank's (MSCB) managing director from the last 20 months.

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