Bank of Maharashtra reports 19% loan growth in Q2

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State-owned Bank of Maharashtra (BoM) connected Thursday said it has posted a recognition maturation of 18.7 per cent astatine Rs 2.17 lakh crore successful the 2nd 4th of FY24.

Total advances were Rs 1.83 lakh crore astatine the extremity of September 30, 2023, BoM said successful a regulatory filing.

The lender reported a 15.4 per cent summation successful full deposits to Rs 2.76 lakh crore against Rs 2.39 lakh crore astatine the extremity of the 2nd 4th of the erstwhile fiscal year.

The bank's full concern roseate 16.8 per cent to Rs 4.93 lakh crore implicit Rs 4.22 lakh crore successful the year-ago period.

Current Account and Savings Account (CASA) of the slope came down marginally to 49.2 per cent of the full deposits from 50.7 per cent a twelvemonth ago.

However, its recognition deposit ratio roseate to 78.6 per cent compared to 76.5 per cent astatine the extremity of September 2023.

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