NEW DELHI: State-owned Bank of Maharashtra (BoM) reported a 16.8% growth in credit, reaching Rs 2.54 lakh crore in the second quarter of the current financial year. Total advances stood at Rs 2.17 lakh crore as of September 30, 2024, according to a regulatory filing on Monday.
The Pune-based lender’s total deposits rose 12.1% to Rs 3.09 lakh crore, up from Rs 2.76 lakh crore in the same quarter last year. Overall business grew 14.2% to Rs 5.64 lakh crore, compared with Rs 4.94 lakh crore a year ago.
The bank’s Current Account and Savings Account (CASA) ratio improved to 50.35% of total deposits, up from 49.29% at the end of the second quarter of the previous fiscal year. Its credit-to-deposit ratio also increased, rising from 71.7% to 82% by September 2025.
