MoneyWorks4Me

Bank of Maharashtra’s total deposits up 15% in Q3FY22

04 Jan 2022 Evaluate

Bank of Maharashtra’s deposits grew 15.21% to Rs 186614 crore (Provisional) as of December 31, 2021 (Q3FY22), as compared to Rs 161971 crore on a yearly basis. On a quarterly basis, the deposits were up 2.78% from Rs 181572 crore as of September 2021. 

Gross Advance stood at Rs 129052 crore as of December 31, 2021, posting a 23.02% rise in year-on-year (YoY) terms against Rs 104904 crore as of December 31, 2020 and in quarter-on-quarter (QoQ) basis stood at Rs 115236 crore in September 2021.

CASA Ratio stood at 55.05% as of December 31, 2021 versus 53.91% as of September 30, 2021. The CASA was up 24.59% to Rs 102731 crore against Rs 82452 crore YoY and up 4.95% from Rs 97889 crore 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.

Peers
Company Name CMP
State Bank Of India 962.60
PNB 112.80
Bank Of Baroda 232.65
Canara Bank 119.00
Union Bank Of India 169.35
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