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.
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.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.