Bank of Maharashtra’s total deposits stood at Rs 2,70,727 crore (provisional) as of March 31, 2024 (Q4FY24), posting a 15.65% rise in year-on-year (YoY) terms as against Rs 2,34,083 crore as of March 31, 2023 and on quarter-on-quarter (QoQ) basis, term deposits stood at Rs 2,45,734 crore as of December 31, 2023.
Its gross advances stood at Rs 2,03,677 crore (provisional) as of Q4FY24, posting a 16.31% rise in year-on-year (YoY) terms against Rs 1,75,120 crore as of Q4FY23 and in quarter-on-quarter (QoQ) basis stood at Rs 1,88,670 crore as of December 31, 2023. CASA deposits grew 14.24% to Rs 1,42,759 crore (provisional) as of Q4FY24, as compared to Rs 1,24,961 crore on a yearly basis. On a quarterly basis, the CASA deposits stood at Rs 1,23,322 crore as of Q4FY23. CASA stood at 52.73% (provisional) as of Q4FY24 against 53.38% as of Q4FY23.
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.
