Bank of Maharashtra — Important, 02-01-2025: General Updates

Total business for Bank of Maharashtra increased to ₹5,07,670 Cr as of December 31, 2024, reflecting a year-on-year growth of 16.87%. Total deposits rose to ₹2,79,018 Cr, a 13.54% increase, while CASA deposits grew to ₹1,37,504 Cr with CASA percentage remaining stable at around 49.28%. Gross advances also experienced significant growth, reaching ₹2,28,652 Cr, up 21.19% year-on-year, leading to a strengthened credit-deposit (CD) ratio of 81.95%. These figures suggest a positive outlook for the bank, highlighting robust growth across key metrics that could be appealing for investors looking for stability and growth potential in the banking sector.