Technological Trends in banking sector with special reference to Maharashtra Gramin Bank
Year: 2025
Type: article
Abstract: The head office of Maharashtra Gramin Bank, also known as Garmin Bank or Regional Rural Bank (RRB) in India, is located in Aurangabad. It is one of 43 government-backed Garmin banks in India that seek to provide banking services to rural communities. It is owned by the Indian government's Ministry of Finance. The bank operated 413 completely computerised CBS branches as of March 2021. The seven Maharashtra regions of Chhatrapati Sambhaji Nagar, Beed, Latur, Nanded, Parbhani, and Nashik are home to the majority of its branch network. By offering services, including as loans, mostly to small farmers, farmworkers, artisans, and small business owners, Maharashtra Garmin Bank seeks to strengthen the rural economy and advance trade, industry, and agriculture. Additional beneficial activities in rural regions, in addition to addressing associated issues and incidental supplies. By implementing IT options, providing basic services to customers at their doorstep, creating effective IT frameworks to deliver those services, increasing credit flow to agriculture, achieving a notable increase in savings account mobilisation, and pursuing best practices for providing value-added services to its customers by turning branch offices into the most alluring financing access point in rural areas, Maharashtra Gramin Bank aims to position the bank in a highly competitive environment.
Author: Taklikar, Vivekanand Shankarrao
Institution: Annasaheb Magar Mahavidyalaya, Hadapsar, Pune
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6911908064
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