BoM leads public sector banks in Q2 deposit and advance growth
Pune-based Bank of Maharashtra has led the pack of public sector banks in India with a robust growth in deposits and advances during the second quarter of the current fiscal year. This follows its strong performance in Q1, where it posted about 25% growth.
Despite State Bank of India having total loans approximately 16 times higher than BoM at Rs 28,84,007 crore , it only managed to secure the seventh rank with a rise of 13.21% in domestic advances. The total business for BoM recorded the highest growth at 22.77%, amounting to Rs 4,22,420 crore . In comparison, Bank of Baroda's total business followed at Rs 19,08,837 crore .
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