At the end of December last year, the bank has total deposits stood at Rs 2,08,436 crore. Bank of Maharashtra rallied 3.6% to Rs 31.65, recording a growth of 11.69% compared to Rs 1,86,614 crore as of December 31, 2021.
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The deposits hit a high at 6.43% in Q2FY23 from Rs 1,95,849 crore in September 2022.
The public sector bank reported a 21.81% growth in gross advances to Rs 1,57,139 crore in December 2022 compared to Rs 1,29,006 crore in December 2021 and a 6.02% increase from Rs 1,48,216 crore as compared to September 30 2022.
As of December 30 2022, CASA improved by 6.52% to Rs 1,09,430 crore from Rs 1,02,732 crore recorded in December 2021. However, the CASA declined marginally in Q2FY23 from Rs 1,10,205 crore as of September 30, 2022.
In December, the CASA ratio stood at 52.50% compared to 55.05% as of December 31, 2021, and 56.27% in September 2022.
On a consolidated basis, the net profit of state-run banks jumped 102.93% to Rs 535 crore in July-September of FY23 as against Rs 264 crore posted in July-September of FY22. Total income rose 7% yearly (YoY) to Rs 4,317 crore in July-September of FY23 over July-September of FY22.
