Bank of Maharashtra logs 30% loan growth, its total business crosses Rs 4 lakh cr in Q4

New Delhi:  State-owned Bank of Maharashtra (BoM) on Wednesday said that it has posted a credit growth of 29.59 percent at Rs 1.75 lakh crore for the March quarter. The outstanding credit was Rs 1.35 lakh crore at the end of March 31, 2022, said the Bank of Maharashtra in a regulatory filing.

BoM registered a growth of 21.28% in total business

The Pune-headquartered lender registered a 21.28 growth in total business to cross a milestone of Rs 4 lakh crore. At the end of March 2023, the total business (total advances and total deposits) increased to Rs 4.09 lakh crore as against Rs 3.37 lakh crore at the end of the previous fiscal.
Total deposits of the bank increased by 15.7 percent to Rs 2.34 lakh crore as against Rs 2.02 lakh crore at the end of the fourth quarter of the previous financial year.

CASA stood at 53.39% of the total deposits

During the quarter, it said, the Current Account and Savings Account (CASA) stood at 53.39 percent of the total deposits. With regard to Credit Deposit (CD) ratio, it said that the number has increased to 74.87 percent at the end of March 31 as against 66.85 percent at the end of previous year. The gross investment of the bank stood at Rs 69,215 during the fourth quarter of the financial year 2022-23.

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