BoM leads PSBs in loans,deposits growth

New Delhi: State-owned Bank of Maharashtra (BoM) retained the top spot among public-sector lenders in loan and deposit growth in percentage terms during the second quarter of the current financial year.

The deposit and advances of the Pune-based lender posted an over 20 per cent rise, the highest by any public sector bank during the July-September period. With a growth rate of 23.55 per cent, gross domestic advances of the bank rose to Rs 1,83,122 crore at the end of September 2023, according to published quarterly numbers of public sector banks (PSBs).

It was followed by Indian Overseas Bank with 20.29 per cent growth, Central Bank of India (17.26 per cent growth) and UCO Bank with 16.53 per cent growth.