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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.
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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).
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