Bank of Maharashtra (BoM) has emerged as the best bank as far as management of bad loans is concerned with its net non-performing assets (NPAs) falling as low as 0.25 percent during the financial year ended March 2023.

Banking & Finance

Bank of Maharashtra (BoM) has emerged as the best bank as far as management of bad loans is concerned with its net non-performing assets (NPAs) falling as low as 0.25 percent during the financial year ended March 2023. This is the lowest ratio among all banks having total business above Rs3 lakh crore and not just public sector banks (PSBs). On the PSB side, Bank of Maharashtra was followed by the country's biggest lender State Bank of India (SBI) with net NPAs falling to 0.67 percent and Bank of Baroda at 0.89 percent at the end of March 2023. Bank of Maharashtra has provided almost completely for the NPAs and has the highest Provision Coverage Ratio at 98.28 percent followed by UCO Bank at 94.50 percent and Indian Bank at 93.82 percent. With regard to Capital Adequacy Ratio, BoM has the highest CAR of 18.14 percent among PSBs followed by Punjab & Sind Bank at 17.10 percent and Canara Bank at 16.68 percent as on March 31, 2023.


      Bank of Maharashtra (BoM) has emerged as the best bank as far as management of bad loans is concerned with its net non-performing assets (NPAs) falling as low as 0.25 percent during the financial year ended March 2023.

      On the PSB side, Bank of Maharashtra was followed by the country's biggest lender State Bank of India (SBI) with net NPAs falling to 0.67 percent and Bank of Baroda at 0.89 percent at the end of March 2023.

      Bank of Maharashtra has provided almost completely for the NPAs and has the highest Provision Coverage Ratio at 98.28 percent followed by UCO Bank at 94.50 percent and Indian Bank at 93.82 percent.

 

     


          ____________________________