Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loans and savings deposit growth during the third quarter of the current financial year (Q3FY22). The bank has recorded a 22.9 per cent increase in gross advances at Rs 1,29,006 crore in the October-December period of 2021-22.
In terms of RAM (Retail, Agriculture and MSME) segment, BoM registered a highest growth rate of 18.06 per cent at Rs 75,927 crore. In savings deposit mobilisation, BoM recorded an 18.33 per cent growth at Rs 80,815 crore.
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.