large scale image
LCP Image

Back to TSCFM News

Bank of Maharashtra logs 30% loan growth

April 06, 2023

Bank of Maharashtra logs 30% loan growth
State-owned Bank of Maharashtra (BoM) on Wednesday said it has posted a credit growth of 29.59 per cent at ₹1.75 lakh crore for the March quarter. The outstanding credit was ₹1.35 lakh crore at the end of March 31, 2022, BoM said in a regulatory filing.

The Pune-headquartered lender registered a 21.28 growth in total business to cross a milestone of ₹4 lakh crore. At the end of March 2023, the total business (total advances and total deposits) increased to ₹4.09 lakh crore as against ₹3.37 lakh crore at the end of the previous fiscal.

Total deposits of the bank increased by 15.7 per cent to ₹2.34 lakh crore as against ₹2.02 lakh crore at the end of the fourth quarter of the previous financial year.

During the quarter, it said, the Current Account and Savings Account (CASA) stood at 53.39 per cent of the total deposits.

With regard to Credit Deposit (CD) ratio, it said, the number has increased to 74.87 per cent at the end of March 31, 2023 as against 66.85 per cent in the previous year end.

Gross investment of the bank stood at Rs 69,215 during the fourth quarter of the financial year 2022-23.

Important Links:

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services
Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices
Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices
Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

Enquire Now
REQUEST A CALLBACK
Chat on WhatsApp