MoneyWorks4Me

Bank of Maharashtra aiming to achieve total business of Rs 5 lakh crore in next 2 years

23 Jan 2023 Evaluate

Bank of Maharashtra (BoM) is aiming to achieve a total business of Rs 5 lakh crore in the next two years. Both credit and deposits are growing at a healthy pace and with this growth rate the bank is on track to cross a business mix (total advance and deposits) of Rs 5 lakh crore.

The total business for the last quarter has increased by around 16 per cent to Rs 3,65,000 crore and total deposits increased by 12 per cent to Rs 2,08,000 crore, while gross advances increased by 22 per cent to Rs 1,57,000 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.

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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