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Bank of Maharashtra gains after advances rise by 23% YoY

4 Jan 2022 , 03:05 PM

The gross advances have increased by 11.99% as compared with Rs 115,236 crore as of 30 September 2021.

Deposits grew by 15.21% year-on-year (YoY) to Rs 186,614 crore as of 31 December 2021, while sequential growth over September 2021 was 2.78%.

CASA ratio was 55.05% as of 31 December 2021 as compared with 50.91% as of 31 December 2020 and 53.91% as of 30 September 2021.

Bank of Maharashtra is a public sector bank in India. The Government of India held 90.97% stake in the bank as of 30 September 2021.

In the past one year, the stock has gained 48.39% while the benchmark Sensex rose 24.20% during the same period.

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