Bank of Maharashtra — Investor Meet, 19-10-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Bank of Maharashtra reported strong half-year results with a 17% year-on-year growth in total business and a 44% increase in net profit. Deposits grew by 15%, with advances up 19%. Asset quality improved, showing a GNPA of 1.84%. The bank's NIM is stable at 3.98%. Management remains optimistic about achieving growth targets, with plans to expand branches and maintain a low cost-to-income ratio below 40%. The focus on gold loans and MSMEs continues to drive growth.