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Bank of Maharashtra logs 30% loan growth
April 06, 2023
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.
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