Bank of Maharashtra said that its gross advances grew nearly 22% year-on-year to Rs 1.57 lakh crore, reflecting improved demand for loans with the Indian economy showing stability despite global headwinds.
The state-owned lender shared the provisional data with the stock exchanges on Tuesday.
Total deposits mobilised by it grew 11.7% year-on-year to Rs 2.08 lakh crore. The deposit growth was higher compared to what it was three months back but it was significantly lower than advances growth of 21.8%.
The CASA (current and savings account) deposits rose 6.5% to Rs 1.09 lakh crore. The CASA ratio to total deposit thus stood at 52.4%.
These are provisional numbers.
The state-owned lender shared the provisional data with the stock exchanges on Tuesday.
Total deposits mobilised by it grew 11.7% year-on-year to Rs 2.08 lakh crore. The deposit growth was higher compared to what it was three months back but it was significantly lower than advances growth of 21.8%.
The CASA (current and savings account) deposits rose 6.5% to Rs 1.09 lakh crore. The CASA ratio to total deposit thus stood at 52.4%.
These are provisional numbers.
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