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NEW DELHI: State-owned Bank of Maharashtra (BoM) retained the top spot among public sector lenders in mortgage and deposit growth in share phrases throughout the second quarter of the present monetary yr. The deposit and advances of the Pune-based lender posted an over 20 per cent rise, the best by any public sector financial institution throughout the July-September interval.
With a growth charge of 23.55 per cent, gross home advances of the financial institution rose to Rs 1,83,122 crore on the finish of September 2023, based on printed quarterly numbers of public sector banks (PSBs).
It was adopted by Indian Overseas Bank with 20.29 per cent growth, Central Bank of India (17.26 per cent growth) and UCO Bank with 16.53 per cent growth.
The nation’s largest lender State Bank of India (SBI) stood on the seventh spot with 13.21 per cent rise in home advances growth.
However, SBI’s whole loans have been about 16 occasions increased at Rs 28,84,007 crore as in comparison with Rs 1,75,676 crore of BoM in absolute phrases.
With regard to deposit growth, BoM witnessed 22.18 per cent rise and mobilised Rs 2,39,298 crore on the finish of September 2023.
Bank of Baroda was in second place with 12 per cent growth in deposits (Rs 10,74,114 crore), whereas SBI recorded an 11.80 per cent enhance at Rs 45,03,340 crore, based on the printed knowledge.
BoM retained the top place in phrases of garnering low-value Current Account and Savings Account (CASA) deposits at 50.71 per cent adopted by Central Bank of India at 49.93 per cent.
Helped by excessive growth in mortgage and deposits, the financial institution’s whole enterprise additionally recorded the best growth of 22.77 per cent at Rs 4,22,420 crore, adopted by Bank of Baroda at 13.91 per cent growth (Rs 19,08,837 crore) on the finish of September 2023.
BoM was the top performer among PSBs in phrases of deposit, advances, and whole enterprise with growth of about 25 per cent throughout the first quarter as properly.
With a growth charge of 23.55 per cent, gross home advances of the financial institution rose to Rs 1,83,122 crore on the finish of September 2023, based on printed quarterly numbers of public sector banks (PSBs).
It was adopted by Indian Overseas Bank with 20.29 per cent growth, Central Bank of India (17.26 per cent growth) and UCO Bank with 16.53 per cent growth.
The nation’s largest lender State Bank of India (SBI) stood on the seventh spot with 13.21 per cent rise in home advances growth.
However, SBI’s whole loans have been about 16 occasions increased at Rs 28,84,007 crore as in comparison with Rs 1,75,676 crore of BoM in absolute phrases.
With regard to deposit growth, BoM witnessed 22.18 per cent rise and mobilised Rs 2,39,298 crore on the finish of September 2023.
Bank of Baroda was in second place with 12 per cent growth in deposits (Rs 10,74,114 crore), whereas SBI recorded an 11.80 per cent enhance at Rs 45,03,340 crore, based on the printed knowledge.
BoM retained the top place in phrases of garnering low-value Current Account and Savings Account (CASA) deposits at 50.71 per cent adopted by Central Bank of India at 49.93 per cent.
Helped by excessive growth in mortgage and deposits, the financial institution’s whole enterprise additionally recorded the best growth of 22.77 per cent at Rs 4,22,420 crore, adopted by Bank of Baroda at 13.91 per cent growth (Rs 19,08,837 crore) on the finish of September 2023.
BoM was the top performer among PSBs in phrases of deposit, advances, and whole enterprise with growth of about 25 per cent throughout the first quarter as properly.
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