Bank of Maharashtra’s
loans and deposit growth is the highest among government banks Bank of Maharashtra’s deposit and loan growth has been the highest in the June quarter. The bank’s advances have increased by 24.98 percent to Rs 175676 crore by June 2023. This is the highest among public sector banks. After this, UCO Bank has seen a growth of 20.70 percent, Bank of Baroda 16.80 percent and Indian Overseas Bank 16.21 percent advance growth.
Bank of Maharashtra has topped the deposit and loan growth in the first quarter of the current financial year among public sector banks. Bank of Maharashtra’s deposit and loan growth in the June quarter has been around 25 per cent, which is the highest for any public sector bank in the April and June quarter.
The bank’s advances have increased by 24.98 percent to Rs 1,75,676 crore by June 2023. Bank of Maharashtra is followed by UCO Bank (20.70 percent), Bank of Baroda (16.80 percent) and Indian Overseas Bank (16.21 percent).
What was the loan growth of SBI in the June quarter, the country’s largest bank SBI has been at number five in terms of loan growth. The advance growth of the bank has been seen to be 15.08 percent. SBI has a loan book of Rs 28,20,433 crore, while Bank of Maharashtra has a loan book of Rs 1,75,676 crore
Bank of Maharashtra remains ahead in deposit growth Bank of Maharashtra’s deposit growth has been 24.74 percent in the June quarter. Due to this the deposits of the bank have reached Rs 2,44,365 crore. After this, deposits of Bank of Baroda have increased by 15.50 percent to Rs 10,50,306 crore, deposits of Punjab National Bank have increased by 13.66 percent to Rs 12,67,002 crore.
Bank of Maharashtra also topped the current account and savings account deposits (CASA) with 50.97 per cent. After this the Central Bank of India was at number two with 49.56 per cent.