Bank of Maharastra's total business up 14% yoy in Q1

🍒 Bank of Maharashtra’s total business up 14% YoY in Q1 : Bank of Maharashtra on Tuesday said its total business (advances plus deposits) have grown 14.11 per cent year-on-year (YoY) in the first quarter to ₹2,84,821 crore as at June-end 2021 against ₹2,49,608 crore as at June-end 2020.  As at June-end 2021, gross advances were up 14.31 per cent YoY to ₹1,10,444 crore (₹96,621 crore as at June-end 2020), as per the provisional figures disclosed by the public sector bank to the exchanges. Deposits rose 13.98 per cent YoY to ₹1,74,377 crore (₹1,52,987 crore). Within deposits, low-cost current account, savings account (CASA) deposits increased 21.98 per cent YoY to ₹92,489 crore (₹75,824 crore).The proportion of CASA deposits in total deposits increased to 53.04 per cent (49.56 per cent).Credit-deposit ratio improved to 63.34 per cent from 63.16 per cent). Gross investment, however, came down 3.96 per cent YoY to ₹72,821 crore (₹75,824 crore). -

🍒