Bank of Maharashtra has recently declared the financial results for the second quarter of the financial year 2021-22. In which total business of the bank grew by 13.27 percent to `2,96,808 crores, total deposits grew by 14.47 percent to `1,81,572 crores and gross advances grew by 11.44 percent to `1,15,235 crores. The Bank's asset quality improved significantly as the Gross NPAs (Non-Performing Assets) declined to 5.56 per cent as on September 2021.
Bank of Maharashtra, in the last financial year 2020-21, has registered its name at the top position among public sector banks in terms of growth in all parameters of business. With this, during the first quarter of the current financial year 2021-22, it has registered its name at the top position among public sector banks in terms of loan and CASA growth.
Bank of Maharashtra continuously provides specialized products covering Retail, Agriculture and MSME sectors to provide the highest level of service to its customers and to add new customers. Recently Bank has launched MSME Swagat product for MSME customers for limited range with minimum interest rate starting from 6.90 percent and NIL concessional processing fee. No processing fee is being charged by the bank for home loan and car loan also and there are 2 EMI free in home loan which is only available in public sector banks in the home loan product by Bank of Maharashtra.