The bank also expects to double its business in the state from Rs 1,000 crore to Rs 2,000 crore by 2005.
It has also decided to take up financing of irrigation and pisciculture projects in the north Gujarat and Saurashtra areas even as the state government is in the process of making Narmada water available to the entire region.
Bank of Maharashtra deputy general manager Vinay Chitnavis said Gujarat offers tremendous growth potential and the bank management has decided to invest over Rs 150 crore over the next three years to help the bank exploit this potential.
