Bank of Maharashtra tops list of public sector lenders in loan in Q1 2023

Bank of Maharashtra tops list of public sector lenders in loan in Q1 2023: State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in loan and deposit growth in percentage terms during the first quarter of the current financial year.

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The deposit and advances of the Pune-based lender recorded a nearly 25 percent rise, the highest by any public sector bank during the April-June quarter.

With a growth rate of 24.98 percent, the gross domestic advances of the bank rose to Rs 1,75,676 crore at the end of June 2023.