Bank of Maharashtra’s total deposits stood at Rs 2,39,306 crore (provisional) as of September 30, 2023 (Q2FY24), posting a 22.19% rise in year-on-year (YoY) terms as against Rs 1,95,849 crore as of September 30, 2022 and on quarter-on-quarter (QoQ) basis, term deposits stood at Rs 2,44,365 crore as of June 2023.
Its gross advances stood at Rs 1,83,113 crore (provisional) as of September 30, 2023, posting a 23.55% rise in year-on-year (YoY) terms against Rs 1,48,216 crore as of September 30, 2022 and in quarter-on-quarter (QoQ) basis stood at Rs 1,75,676 crore as of June 2023. CASA deposits grew 10.11% to Rs 1,21,345 crore (provisional) as of September 30, 2023, as compared to Rs 1,10,205 crore on a yearly basis. On a quarterly basis, the CASA deposits stood at Rs 1,24,547 crore as of June 2023. CASA stood at 50.71% (provisional) as of September 30, 2023 against 50.97% as of June 30, 2023.
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.
