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With a growth rate of 23.55 per cent, gross domestic advances of the bank rose to Rs 1,83,122 crore at the end of September 2023, according to published quarterly numbers of public sector banks (PSBs).
With regard to deposit growth, BoM witnessed a 22.18 percent rise and mobilised Rs 2,39,298 crore at the end of September 2023. It was the top performer among PSBs in terms of deposits, advances, and total business with growth of about 25 percent during the first quarter as well.
State-owned Bank of Maharashtra (BoM) retained the top spot among public sector lenders in loan and deposit growth in percentage terms during the second quarter of the current financial year. The deposit and advances of the Pune-based lender posted an over 20 per cent rise, the highest by
EU mid-market update: Traders look to upcoming jobs report for additional clarity on US economy; Awaiting Hezbollah leader announcement as Israel on 'very very high alert'.
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