Bank of Maharashtra has reported gross advances of Rs 110,444 crore for the quarter ending June 2021 (Q1FY22) rising by 14.31% as compared to Rs 96,621crore in June 30, 2020 and 2.6% Quarter on Quarter (QoQ). The bank's deposits were at Rs 174,377crore in the quarter under review increasing by 13.98% YoY and 0.21% QoQ.
CASA ratio was at 53.04% in Q1FY22 versus 53.99% in Q4FY21 and 49.56% in Q1FY21. The bank's gross investment was at Rs 72,821crore contracting by 3.96% YoY but increasing by 6.08% QoQ.
Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.