SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bank of Maharashtra surges on reporting 25% rise in total deposits during first quarter of FY24

04 Jul 2023 Evaluate

Bank of Maharashtra is currently trading at Rs. 30.26, up by 0.29 points or 0.97% from its previous closing of Rs. 29.97 on the BSE.

The scrip opened at Rs. 30.32 and has touched a high and low of Rs. 30.67 and Rs. 29.41 respectively. So far 3574222 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 36.25 on 15-Dec-2022 and a 52 week low of Rs. 15.45 on 04-Jul-2022.

Last one week high and low of the scrip stood at Rs. 30.67 and Rs. 27.17 respectively. The current market cap of the company is Rs. 21435.32 crore.

The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.59% and 5.44% respectively.

Bank of Maharashtra’s total deposits stood at Rs 2,44,364 crore (provisional) as of June 30, 2023 (Q1FY24), posting a 24.73% rise in year-on-year (YoY) terms as against Rs 1,95,909 crore as of June 30, 2022 and on quarter-on-quarter (QoQ) basis, term deposits stood at Rs 2,34,083 crore as of March 2023.

Its gross advances stood at Rs 1,75,603 crore (provisional) as of June 30, 2023, posting a 24.93% rise in year-on-year (YoY) terms against Rs 1,40,561 crore as of June 30, 2022 and in quarter-on-quarter (QoQ) basis stood at Rs 1,75,120 crore as of March 2023. CASA deposits grew 13.37% to Rs 1,24,546 crore (provisional) as of June 30, 2023, as compared to Rs 1,09,857 crore on a yearly basis. On a quarterly basis, the CASA deposits stood at Rs 1,24,961 crore as of March 2023. 

CASA stood at 50.97% (provisional) as of June 30, 2023 against 56.08% as of June 30, 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.

Bank of Maharashtra Share Price

72.72 1.48 (2.08%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×