Bank of Maharashtra's Q4 Credit Growth Hits 16%, Reaches Rs 2.03 Tn
Bank of Maharashtra (BoM) reported a 16.31 per cent credit growth, reaching Rs 2.03 trillion in the March quarter, as per its regulatory filing. The outstanding credit stood at Rs 1.75 trillion by 31 March 2023.
Additionally, the Pune-based lender recorded a 15.63 per cent rise in total deposits, reaching Rs 2.70 trillion compared to the previous financial year's fourth quarter. However, during the quarter, the Current Account and Savings Account (CASA) declined to 52.73 per cent of total deposits, down from 53.39 per cent previously.
The Credit Deposit (CD) ratio increased to 75.23 per cent by 31 March 2024, compared to 74.87 per cent in the previous year.
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