BoM ahead of PSBs in FY24 biz growth

New Delhi: State-owned Bank of Maharashtra (BoM) recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public-sector lenders at a time when most banks are facing difficulty in achieving double-digit growth.

The Pune-headquartered lender has registered a 15.94 per cent rise in the total business (domestic) in FY24, followed by the country’s largest lender State Bank of India (SBI) with 13.12 per cent growth, according to published financial numbers of the PSBs.