Bank of Maharashtra gains on posting credit growth of 21.81% in Q3FY23
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Bank Of Maharashtra is currently trading at Rs. 32.25, up by 0.15 points or 0.47% from its previous closing of Rs. 32.10 on the BSE.
The scrip opened at Rs. 32.45 and has touched a high and low of Rs. 33.05 and Rs. 32.20 respectively. So far 872798 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 25-Jun-2022.
Last one week high and low of the scrip stood at Rs. 33.05 and Rs. 29.50 respectively. The current market cap of the company is Rs. 21604.89 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.98% and 5.05% respectively.
Bank of Maharashtra (BoM) has posted a credit growth of 21.81 per cent to Rs 1.57 lakh crore for the third quarter ended December 2022 (Q3FY23). The outstanding credit was Rs 1.29 lakh crore at the end of December 31, 2021.
The bank's deposits aggregated to about Rs 2.08 lakh crore as of December 31, 2022, registering a growth of 11.69 per cent over Rs 1.86 lakh crore at the end of December 31, 2021. During the quarter, the Current Account Savings Account (CASA) stood at 52.50 per cent of the total deposits.
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 agricultural and SME sectors
