Bank of Maharashtra clocks 18% loan growth in Q4, total biz hits Rs 5.5 trn

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Bank of Maharashtra clocks 18% loan growth in Q4, total biz hits Rs 5.5 trn - Business Standard

Quick Summary:

The Pune-headquartered lender reported a 13.45 per cent increase in total deposits to Rs 3.07 lakh crore in the reporting quarter as against Rs 2.70 lakh crore at the end of the fourth quarter of the previous financial year.

As a result, total business (total credit and deposits) of the bank registered an increase of 15.3 per cent to Rs 5.47 lakh crore as against Rs 4.74 lakh crore at the end of March 2024.

State-owned Bank of Maharashtra (BoM) on Tuesday said it has registered a credit growth of 17.84 per cent at Rs 2.40 lakh crore in January-March quarter.