Bank of Maharashtra Leads Public Sector Banks in Business Growth for FY24 .

Banking & Finance

State-owned Bank of Maharashtra (BoM) emerged as the top performer among public sector banks (PSBs) in FY24, recording the highest growth rate in total business and deposit mobilisation. This achievement comes amid a challenging environment where many banks are struggling to achieve double-digit growth. Despite BoM’s impressive percentage growth, SBI’s total business in absolute terms was significantly higher at Rs 79,52,784 crore, compared to BoM’s Rs 4,74,411 crore.


      BoM, headquartered in Pune, posted a 15.94 per cent rise in its total domestic business, outpacing all other PSBs.

      The State Bank of India (SBI), the nation’s largest lender, followed with a 13.12 per cent growth.

     

 

     


About BoM

HQ - Pune
CEO - A.S Rajeev
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