Bank of Maharashtra topped among PSU banks in terms of business growth.
In terms of total business and deposit mobilization among public sector lenders, the Bank of Maharashtra registered the highest growth rate in the last fiscal.
Bank of Maharashtra registered a growth of 15.94 per cent in the total business (domestic) in FY24.
State Bank of India (SBI) with 13.12 per cent growth is in the second position.
However, SBI’s total business is around 16.7 times higher than Bank of Maharashtra (BoM) in absolute terms.
In terms of growth in deposit mobilisation, the Bank of Maharashtra is in the first spot with a 15.66 per cent rise.
The Bank of Maharashtra with 52.73 per cent growth is at the top of the list of low-cost CASA deposits. It is followed by the Central Bank of India with a 50.02 per cent growth.
The Bank of Maharashtra is a leading bank among PSBs at 17.38% in terms of the capital adequacy ratio.
In terms of the capital adequacy ratio, Indian Overseas Bank (17.28 per cent) and Punjab & Sind Bank (17.16%) are in second and third positions respectively.
