Bank of Maharashtra reports 27% loan growth, 13% deposit growth

Bank of Maharashtra showed strong growth this year:

• Total loans (advances) increased by 27%, reaching about ₹3.06 trillion
• Loans in retail, agriculture, and MSME (RAM) grew 25% to ₹1.87 trillion
• Corporate loans in India rose 21% to ₹1.11 trillion
• Total deposits increased by 13% to ₹3.44 trillion
• However, low-cost deposits (CASA) slightly dropped from 50% to 49%

The bank is giving more loans and growing steadily, but its share of cheaper deposits has gone down a little.