Bank of Maharashtra’s gross advances rise by 28.65% in Q2FY23

Bank of Maharashtra’s (BoM) gross advances rose by 28.65 per cent to Rs 1,48,246 crore (provisional) in the second quarter ended in September 2022 (Q2FY23). Total advances of the bank stood at Rs 1,15,236 crore at the end of the September quarter of the previous year.

bank of maharashtra slips as rbi rejects its proposal to set off rs 7360 crore losses
Bank of Maharashtra’s

During the quarter, total deposits grew by 7.86 per cent to Rs 1,95,849 crore (provisional) from Rs 1,81,572 crore in the year-ago period. Current account savings account (CASA) as a percentage of total deposits increased to 56.27 per cent (provisional) from 53.91 per cent at the end of the second quarter of the previous year. The total business of the Pune-based bank rose by 15.93 per cent to Rs 3,44,096 crore (provisional) as of September, 2022 as against Rs 2,96,808 crore in the year ago period.

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.

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