Bank of Maharashtra is a large-scale Indian public sector bank whose 81.61% of total shares are held by the government of India. It has close to 15 million customers throughout India which are served through 1897 branches spread all over the country (as per April 2016 statistics). Founded in 1935, Bank of Maharashtra is headquartered in Pune, India. It offers a wide variety of products and services to its customers, including home loans, personal loans, credit cards etc. Its personal loan scheme is referred to as ‘Mahabank Personal Loan’ and is also available to the existing home loan borrowers (only salaried people). The individual availing the personal loan is free to use the loan amount for any personal expenses including medical procedures, home renovation, vacations, wedding expenses, education expenses, income tax payment etc.