Bank of Maharashtra (BoM) recorded a 27.10 per cent increase in gross advances to Rs 1,40,561 crore at the end of June 2022, according to published quarterly numbers of the public sector banks (PSBs).
Bank of Maharashtra has emerged as the top performer among the public sector lenders in terms of the loan and deposit growth in percentage terms during the first quarter of 2022-23, an official communication said.
The Indian Overseas Bank and Bank of Baroda followed with 16.43 per cent and 15.73 per cent rise in advances growth respectively. The country’s largest lender, State Bank of India (SBI), stood at the fourth spot with 13.66 per cent growth.
With regard to deposit growth, BoM witnessed a 12.35 per cent growth and mobilized Rs 1,95,909 crore at the end of June 2022.
Union Bank of India was at the second spot with a 9.42 per cent growth in deposits (Rs 9,92,517 crore) followed by Bank of Baroda — 8.51 per cent rise at Rs 9,09,095 crore, according to the data.