BoM records highest growth in deposit mobilisation among PSU banks in Q3
The Business Guardian|February 05, 2024
Bank of Maharashtra (BoM) has emerged as a standout performer in the public sector banking landscape, achieving the highest growth rate in deposit mobilization during a challenging period when most lenders struggle to achieve double-digit growth.
BoM records highest growth in deposit mobilisation among PSU banks in Q3

Among the 12 public sector banks, only BoM and the State Bank of India (SBI) achieved double-digit growth in deposits for the third quarter ending December 2023. BoM, based in Pune, reported an impressive 17.89% growth in deposits, followed closely by SBI at 12.84%, as per the published quarterly numbers of public sector banks (PSBs).

This story is from the February 05, 2024 edition of The Business Guardian.

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This story is from the February 05, 2024 edition of The Business Guardian.

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