As per the data published by the Bank of Maharashtra (BoM) , it emerged as the top performer among Public sector undertaking (PSU) Banks in terms of loan and deposit growth in FY21FY2.
- BoM recorded a 13.45 percent increase in gross advances at Rs 1.07 lakh crore in FY21.
- Followed by BoM, Punjab & Sind Bank posted 8.39 percent loans growth in advances with aggregate loans at Rs 67,811 crore in FY21.
Key points over Financial Results of BoM in FY21:
- Deposit Mobilization: BoM was ahead of the country’s largest lender state Bank of india (SBI) in terms of deposit mobilization with nearly 16 % growth, in turn, SBI recorded 13.56 %.
- CASA : in FY21, the current Account Savings Account (CASA) of BoM increase by 24.47 % , the highest among the PSU Banks. Thus CASA was 54 % or Rs 93,945 crore of the total liability of the bank.
About Bank of Maharashtra (BoM):
Establishment – Incorporate in 1935,commenced operations in 1936
Headquarters – Pune , Maharashtra
MD & CEO – A. S Rajeev
Tagline – one Family one Bank