Bank of Maharashtra's loan book grows 23% to 1.29 trn in Dec quarter

Public sector lender Bank of Maharashtra posted 23.02 per cent growth year-on-year (yoy) in its loan book at Rs 1.29 trillion as of December 31, 2021 (Q3FY22) against Rs 1.04 trillion a year ago. Sequentially, its advances rose by 12 per cent from Rs 1.15 trillion in September 2020 (Q2FY22).

Commercial banks in India as a group have posted 7.3 per cent yoy growth till the middle of December 2021, according to Reserve Bank of India (RBI) data.

Pune-based bank’s deposits expanded by 15.21 per cent to Rs 1.86 trillion as of December 31, 2021 from Rs 1.61 trillion a