'
Bank of Maharashtra conducted a conference call on 15 July 2024 to
discuss the financial results for the quarter ended June 2024. Nidhu Saxsena,
MD & CEO of the company addressed the call:
Highlights:
The bank
has recorded 13.5% growth in business to touch Rs 4.76 lakh crore driven by 19%
growth in advances to Rs 2.09 lakh crore and 9% rise in the deposit to Rs 2.67
lakh crore end June 2024.
The CASA deposits
of the bank have increased by 10% driven by 6% growth in the saving bank deposits.
The CASA deposit ratio stood at 50% end June 2024. The term
deposits increased 12% end June 2024.
The advances
growth was driven by high double digit growth in the retail, agriculture and
MSME (RAM) loan book. Within the RAM loan boo, the retail loan book has jumped 18%
agriculture 35% MSME 26% end June 2024.
The bank
is maintaining the stable asset quality. Asset quality and fresh slippages are
well within...
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