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Bank of Maharashtra posts credit growth of 21.81% in Q3FY23

03 Jan 2023 Evaluate

Bank of Maharashtra (BoM) has posted a credit growth of 21.81 per cent to Rs 1.57 lakh crore for the third quarter ended December 2022 (Q3FY23). The outstanding credit was Rs 1.29 lakh crore at the end of December 31, 2021.

The bank's deposits aggregated to about Rs 2.08 lakh crore as of December 31, 2022, registering a growth of 11.69 per cent over Rs 1.86 lakh crore at the end of December 31, 2021. During the quarter, the Current Account Savings Account (CASA) stood at 52.50 per cent of the total deposits.

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 957.25
PNB 112.00
Bank Of Baroda 232.80
Canara Bank 117.65
Union Bank Of India 168.40
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