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The State-owned Bank of Maharashtra (BoM) reported a 19% increase in credit to reach Rs 2.09 lakh crore for the April-June quarter. As of June 30, 2023, the outstanding credit was Rs 1.75 lakh crore, as stated in a regulatory filing by BoM. The bank, headquartered in Pune, also saw a 9.44% rise in total deposits to Rs 2.67 lakh crore compared to Rs 2.44 lakh crore in the first quarter of the previous financial year. During the quarter, Current Accounts and Savings Accounts decreased to 49.86% of total deposits from 50.97%. The Credit Deposit ratio increased to 78.18% at the end of June 30, 2024, up from 71.89% in the previous year’s period.
