Bank of Maharashtra's Robust Growth: A Financial Triumph

The Bank of Maharashtra has reported a significant credit growth of 16.8% in Q2 of this fiscal, with advances at Rs 2.17 lakh crore and deposits increasing by 12.1% to Rs 3.09 lakh crore. The bank's total business saw a 14.2% boost, reaching Rs 5.64 lakh crore.

Devdiscourse News Desk | New Delhi | Updated: 06-10-2025 11:51 IST | Created: 06-10-2025 11:51 IST

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The Bank of Maharashtra, a state-owned entity, showcased impressive progress in the second quarter, recording a credit growth of 16.8% amounting to Rs 2.54 lakh crore. As per the bank's latest filing, its total advances reached Rs 2.17 lakh crore by the end of September 2024.

In terms of deposits, the Pune-based lender witnessed a 12.1% rise, amounting to Rs 3.09 lakh crore, a substantial increase from Rs 2.76 lakh crore in the previous year's second quarter. As a result, the bank's total business experienced a 14.2% growth, reaching Rs 5.64 lakh crore.

Moreover, the bank's Current Account and Savings Account (CASA) formed 50.35% of total deposits, slightly up from last year's 49.29%. The credit deposit ratio also improved to 82% by September 2025, an increase from 71.7% in the previous year.