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Bank of Maharashtra (BoM) reported a credit growth of 15.36% in Q1 FY26, with total credit reaching INR 2.41 lakh crore, up from INR 2.09 lakh crore in the same quarter last year. The bank also posted a 14.08% rise in deposits to INR 3.09 lakh crore. As a result, its total business grew 14.64% year-on-year to INR 5.46 lakh crore. The CASA ratio improved to 50.07% from 47.86%, indicating a stronger low-cost deposit base. BoM's credit-deposit ratio also rose slightly to 79.04% from 78.17%. These gains reflect robust performance in both lending and deposit mobilization during the April-June 2025 quarter.
State-owned Bank of Maharashtra (BoM) recently announced it has registered a credit growth of 15.36 per cent to INR 2.41 lakh crore in the April-June quarter. According to its regulatory filing, the outstanding credit was INR 2.09 lakh crore at the end of the first quarter of previous fiscal. Advertisement
The Pune-headquartered lender reported a 14.08 per cent increase in total deposits to INR 3.09 lakh crore in the reporting quarter against INR 2.67 lakh crore at the end of the first quarter of the previous financial year.
As a result, the total business (total credit and deposits) of the bank registered an increase of 14.64 per cent to INR 5.46 lakh crore compared with INR 4.67 lakh crore at the end of June 30, 2024.
During the latest quarter, it said, the Current Accounts and Savings Accounts (CASA) ratio rose to 50.07 per cent of the total deposits against 47.86 per cent in the same period of the preceding financial year. The credit-deposit ratio increased to 79.04 per cent in the first quarter compared with 78.17 per cent in the year-ago period.
Source: PTI
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