NEWS
Bank of Maharashtra slashes home loan rate by 15 bps
Bank of Maharashtra cuts home loan rate by 15 basis points to 8.35% as part of its new year offer; processing fees on home loans also waived.
Bank of Maharashtra cuts home loan rate by 15 basis points to 8.35% as part of its new year offer; processing fees on home loans also waived.
State- owned Bank of Maharashtra has cut its home loan rate by 15 basis points to 8.35% as part of its new year offer to customers.
The processing fees are also waived on home loans.
For the quarter ended December 2023, the Pune-headquartered bank’s total business touched Rs 4.35 lakh crore, up 19% from the year-ago period.
Total deposits grew 18% year-on-year to Rs 2.46 lakh crore in the fiscal third quarter, from Rs 2.08 lakh crore a year ago.
The CASA (current account savings account) ratio fell to 50.19% from 52.50% in the earlier year. The CASA deposits, however, grew 12.70% year-on-year to Rs 1.23 lakh crore from Rs 1.09 lakh crore in the year-ago period.
The bank’s total loan book grew 20.28% to Rs 1.88 lakh crore.
