A growing storm is brewing around the Bank of Maharashtra (BoM)’s controversial decision to shift its corporate headquarters from its iconic Lokmangal building in Pune's Shivajinagar to a rented space in Baner. The move, executed quietly but ceremoniously inaugurated in September 2025 in the presence of Union minister of finance Nirmala Sitharaman, has triggered outrage among shareholders, employee unions, and transparency advocates, who question both the necessity and the motives behind leasing a private property at an annual rent of over Rs21 crore. Noted activist and shareholder Vivek Velankar, who has been persistently raising questions through the Right to Information (RTI) Act, has exposed glaring contradictions in the Bank’s own explanations. A letter sent to him by the BoM’s

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