MoneyWorks4Me

Bank of Maharashtra emerges as top performer in terms of loan, deposit growth

25 May 2023 Evaluate

Bank of Maharashtra has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms during 2022-23. In terms of percentage increase in gross advances, the bank recorded 29.4 per cent jump in loans at Rs 1,75,120 crore as of March 2023. It was followed by Indian Overseas Bank and UCO Bank with 21.2 per cent and 20.6 per cent growth, respectively.

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 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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