Bank of Maharashtra has seen a 24.93% jump in credit growth to Rs 1.75 lakh crore for the quarter ended June 2023, from Rs 1.40 lakh crore a year ago.

The state-owned bank posted a 24.82% growth in total business (total advances and total deposits) to Rs 4.19 lakh crore at the end of June 2023, compared to Rs 3.36 lakh crore in the earlier-year quarter.

The bank also saw strong deposit growth, which jumped 24.73% to Rs 2.44 lakh crore as against Rs 1.95 lakh crore at the end of the first quarter of the previous financial year.

During the quarter, the bank’s CASA (current account and savings account) ratio stood at 50.97% of the total deposits.

The credit-to-deposit (CD) ratio improved to 71.86% at the end of 30 June 2023, compared to 71.75% a year ago.

Gross investment of the bank stood at Rs 72,379 crore during the first quarter of the financial year 2023-24.