Financial Performance.
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| Feb. 4, 2024, 10:59 a.m.
Bank of Maharashtra Leads Public Sector Banks in Deposit Growth Amidst Industry Challenges
Bank of Maharashtra leads among public sector banks in deposit growth, recording a remarkable 17.89% increase in the third quarter of FY'24. Despite challenges faced by the banking industry, BoM stands out alongside the State Bank of India, achieving double-digit deposit growth. The bank also excels in low-cost CASA deposits, asset quality, and Capital Adequacy Ratio, showcasing its resilience and strategic strength in a competitive banking landscape.
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