Bank of Maharashtra has announced impressive financial performance for the fiscal year ending March 31, 2025. The bank reported a 17.84% year-on-year (YoY) growth in gross advances and a 13.45% YoY increase in total deposits, reflecting its strong operational focus and growing customer base.
Key Highlights:
Gross Advances Growth:
As of March 2025, the bank’s gross advances stood at approximately ₹1.75 lakh crore, up from ₹1.48 lakh crore in March 2024.
Compared to February 2025, which recorded gross advances of around ₹1.72 lakh crore, March saw an incremental addition of ₹3,000 crore, driven by higher credit demand across retail, MSME, and corporate segments.
Total Deposits Surge:
Total deposits reached ₹2.35 lakh crore as of March-end, compared to ₹2.07 lakh crore a year earlier.
In February 2025, deposits were estimated at ₹2.30 lakh crore, reflecting a 2.17% month-on-month (MoM) increase, supported by higher CASA (Current Account Savings Account) balances and term deposits.
Strategic Drivers:
Bank of Maharashtra attributed this growth to its focus on digital banking initiatives, competitive loan products, and expanding its presence in semi-urban and rural areas.
The bank’s customer-centric approach has been instrumental in attracting new customers while retaining existing ones.
Leadership Insights:
A spokesperson for Bank of Maharashtra stated:
“Our consistent growth in advances and deposits reflects the trust our customers place in us and our commitment to delivering value through innovative banking solutions.”
Outlook:
With continued investments in technology and customer acquisition strategies, Bank of Maharashtra is well-positioned for sustained growth in FY26.
Source: Economic Times; April 8, 2025