Comments
Bank of Maharashtra’s total deposits and gross advances increased by 15.72 per cent and 29.59 per cent, respectively, year-on-year (y-o-y) as at March-end 2023, with its total business crossing the ₹4-lakh-crore mark.
As at March-end 2023, total deposits and gross advances stood at ₹2,34,092 crore (₹2,02,294 crore as at March-end 2022) and ₹1,75,255 crore ( ₹1,35,240 crore), respectively, as per the public sector bank’s quarter-end provisional business update.
As at March-end 2023, total business (total deposits plus gross advances) stood at ₹4,09,347 crore (₹3,37,534 crore).
The proportion of low-cost current account, savings account (CASA) deposits came down to 53.39 per cent of total deposits as at March-end 2023 against 57.85 per cent per cent as at March-end 2022. However, the proportion of CASA improved as at March-end 2023 vis-a-vis 52.50 per cent as at December-end 2022.
Credit-deposit ratio improved to 74.87 per cent against 66.85 per cent as at March-end 2022.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.