Bank of Maharashtra has been emerged as the top performer among the public sector lenders (PSU) in terms of loan and deposit growth in percentage terms during the first quarter of 2022-23 (Q1FY23). The bank recorded 27.10 percent increase in gross advances to Rs 1,40,561 crore at the end of June 2022. Regarding deposit growth, the bank witnessed a 12.35 percent growth and mobilized Rs 1,95,909 crore at the end of June 2022.
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.