'
Bank of Maharashtra conducted a conference call on 15 October 2024 to discuss the financial results for the quarter ended September 2024. Nidhu Saxsena, MD & CEO of the company addressed the call:
Highlights:
The bank has presented very good set of encouraging numbers. The focus was on deposits which has exhibited good results.
The business volume of the bank has increased by 17% driven by 19% surge in the advances.
The deposit growth has also accelerated to 15% from single digit growth a quarter ago.
The CASA deposits increased 12% end September 2024. The bank has added Rs 15000 crore of CASA deposits, while the CASA ratio continued to be in line with the guidance of around 50%.
Within the loan book, the retail on book has surged 23%, agriculture 34% mainly driven by the gold loans and MSME 25%. The corporate loan book has also increased 9% end September 2024.
The bank has recorded strong 60% growth in...
Pleaselogin & subscribe to view the full report.
More Reports
-
(05-Feb-2025)
Castrol India
Expects EBITDA margin of 22%-25% for CY25
-
(10-Feb-2023)
Deepak Nitrite
Plans capex of about Rs 1500 crore for FY23 and FY24
-
(09-Feb-2023)
Mayur Uniquoters
Targets revenue of Rs 1000 crore in FY24
-
(31-Jan-2023)
Tega industries
Capex plan is US$ 30-32 million for next three years
|
|