Is Bank of Maharashtra selling its Head Office Building ‘Lokmangal’?
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A big controversy is silently erupting in Bank of Maharashtra. As per reports, Bank of Maharashtra is planning to shift its Corporate Office from Lokmangal, Shivajinagar, Pune to a rented property in Baner, Pune. As per association, the proposed premises are owned by five to six individuals, and the rent is said to be Rs. 2.25 crore per month. The existing Corporate Office in Shivajinagar office belongs to the bank and is a big asset to the Bank.
But the question is: Why is the Bank of Maharashtra shifting its office? What is the reason? If the bank already has its own building, why is it moving to a rented office?
Employees and union representatives are raising concerns about this decision. They highlighted that the decision-making process lacked transparency and that employees and unions were not adequately involved, despite being key stakeholders. The management informed the associations that this arrangement is temporary but has not yet shared further details despite repeated requests.
It is not yet clear whether the Bank of Maharashtra is planning to sell the Lokmangal building. This will become clear only in the coming days.
Several bank unions – including the All India Bank of Maharashtra Employees Federation, Bank of Maharashtra Officers Organisation, Bank of Maharashtra Officers Association, and All India Bank of Maharashtra Workers Organisation – have expressed serious apprehensions regarding shifting of office. They argue that Lokmangal represents the bank’s prestige, pride, and identity.
‘Lokmangal’, the Head Office building of Bank of Maharashtra, was inaugurated in 1978. It is not just a building; it represents the identity of the Bank of Maharashtra.
In response, the unions decided to observe Tuesday, 23rd September 2025, as “Defend Lokmangal Day”. Members wore badges and update their WhatsApp status to show support. The unions have urged management to ensure full transparency and involve employees in decisions affecting the bank’s core assets.
