Bank Of Maharashtra

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Bank of Maharashtra reports 14% rise in total deposits during Q3FY25

Date: 03-01-2025

Bank of Maharashtra’s total deposits stood at Rs 2,79,018 crore (provisional) as of December 31, 2024 (Q3FY25), posting a 13.54% rise in year-on-year (YoY) terms as against Rs 2,45,734 crore as of December 31, 2023 and on quarter-on-quarter (QoQ) basis, term deposits stood at Rs 2,76,289 crore as of September 30, 2024.

Its gross advances stood at Rs 2,28,652 crore (provisional) as of Q3FY25, posting a 21.19% rise in YoY terms against Rs 1,88,670 crore as of Q3FY24 and in QoQ basis stood at Rs 2,17,504 crore as of September 30, 2024. CASA deposits grew 11.50% to Rs 1,37,504 crore (provisional) as of Q3FY25, as compared to Rs 1,23,322 crore on a yearly basis. On a quarterly basis, the CASA deposits stood at Rs 1,36,174 crore as of September 30, 2024. CASA stood at 49.28% (provisional) as of Q3FY25 against 50.19% as of Q3FY24.

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.