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Bank of Maharashtra growth rate
May 23 , 2024
38 days
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- State-owned Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders.
- It has registered a 15.94 per cent rise in the total business (domestic) in FY24.
- It is followed by State Bank of India (SBI) with 13.12 per cent growth.
- SBI's total business (deposit and advances) was about 16.7 times higher at ₹79,52,784 crore compared to ₹4,74,411 crore of Bank of Maharashtra (BoM) in absolute terms.
- BoM continued to maintain its top spot in terms of growth in deposit mobilisation, with a 15.66 per cent rise in FY24.
- It was followed by SBI (11.07 per cent), Bank of India (11.05 per cent) and Canara Bank (10.98 per cent).
- Out of 12 public sector banks, only these four lenders could log a double-digit growth in deposits in the financial year 2023-24.
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