Bank of Maharashtra gains on emerging as top performer in terms of loan, deposit growth
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Bank of Maharashtra is currently trading at Rs. 29.11, up by 0.20 points or 0.69% from its previous closing of Rs. 28.91 on the BSE.
The scrip opened at Rs. 28.90 and has touched a high and low of Rs. 29.35 and Rs. 28.80 respectively. So far 176281 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 36.25 on 15-Dec-2022 and a 52 week low of Rs. 15.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 31.64 and Rs. 28.80 respectively. The current market cap of the company is Rs. 19558.82 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.59% and 5.44% respectively.
Bank of Maharashtra has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms during 2022-23. In terms of percentage increase in gross advances, the bank recorded 29.4 per cent jump in loans at Rs 1,75,120 crore as of March 2023. It was followed by Indian Overseas Bank and UCO Bank with 21.2 per cent and 20.6 per cent growth, respectively.
Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultura
