Bank of Maharashtra reports strong first quarter growth, ratings affirmed

Bank of Maharashtra has announced impressive provisional figures for the first quarter of fiscal year 2025, alongside the reaffirmation of its credit ratings by CARE Ratings Ltd. The bank's total business reached INR546188 crore, reflecting a year-over-year growth of 14.64%. Total deposits grew by 14.08% to INR305059 crore, with CASA deposits increasing by 14.56% to INR152751 crore. Gross advances saw a substantial rise of 15.36%, reaching INR241129 crore. The CASA ratio stood at 50.07%, and the CD ratio was reported at 79.04%.