Bank of Maharashtra (BoM) has achieved the highest growth rate in deposit mobilization among public sector lenders during the third quarter ending December 2023. BoM recorded a 17.89% growth in deposits, leading the way among public sector banks. State Bank of India (SBI) also achieved double-digit growth in deposits at 12.84%. BoM continued to excel in low-cost CASA (Current Account and Savings Accounts) deposits, topping the chart with 50.19%. Additionally, BoM and SBI reported the lowest gross Non-Performing Assets (NPAs) at 2.04% and 2.42%, respectively, as of December 31, 2023. BoM’s Capital Adequacy Ratio (CRAR) is the highest among PSBs at 16.85%.
Bank of Maharashtra Leads Deposit Growth Among Public Sector Lenders, Sets Records in CASA
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