'Bank of Maharashtra conducted a conference call on 16 January
2025 to discuss the financial results for the quarter ended December 2024. Nidhu
Saxsna, MD & CEO of the bank addressed the call:
Highlights:
The performance of the bank has been in line with the
guidance on various fronts in the quarter ended December 2024.
The bank has crossed the milestone of Rs 5 lakh crore
business and it aims to grow sustainably going forward.
The business volume has grown by 17% to Rs 5.07 lakh crore
driven by advances growth of 21% to Rs 2.29 lakh crore, while the deposits have
also increased by 14% to Rs 2.79 crore end December 2024.
The bank has recorded 16% growth in the Casa deposits, while
adding Casa deposits of Rs 14000 crore in the last 12 months.
The bank has also grown from term deposits by 16% adding Rs
19000 crore of term deposit in the last 12 months.
The retail agriculture and MSME loan growth ...
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