Bank of Maharashtra Sees 18% Growth in Gross Advances in March Quarter

Bank of Maharashtra’s gross advances rose 18% on year to ₹2.40 trillion as of March 31, provisional data released by the bank on Tuesday showed. Total deposits rose 13% on year to ₹3.07 trillion, taking the bank’s total business up 15% to ₹5.47 trillion as of March 31.

The low-cost current account savings account ratio improved to 53.29%, from 49.28% a quarter ago and 52.73% a year earlier. However, the credit-deposit ratio fell to 78.14%, from 81.95% a quarter ago.