Bank of Maharashtra Q3 Results: Shares fell over 5%, bank’s deposit grew by 13.5% YoY
CASA deposits increased by 11.5% on a year-on-year basis to Rs 1.37 lakh crore, while CASA ratio stood at 49.28% from 50.19% during the same quarter last year and 49.29% in September.

Bank of Maharashtra Q3 Results: Shares fell over 5, bank deposit grew by 13.5 YoY
Public Sector Lender Bank of Maharashtra Ltd shares fell as much as 5.5% on Wednesday, January 15, ahead of their December quarter results announcement. The stock is falling after a 13% surge in Tuesday's trading session. In its business update for the quarter shared earlier this month, the Bank’s deposits grew 13.5% on a year-on-year basis to Rs 2.79 lakh crore.
However, on a sequential basis, the deposit growth was 1%. Advances for the quarter grew by 21.2% from last year to Rs 2.28 lakh crore. The number was also 5.1% higher than the September quarter.
CASA deposits increased by 11.5% on a year-on-year basis to Rs 1.37 lakh crore, while CASA ratio stood at 49.28% from 50.19% during the same quarter last year and 49.29% in September. Credit-deposit ratio for the state-run lender stood at 81.95% in December from 76.78% last year and 78.72% in June.
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Shares of Bank of Maharashtra are currently trading 3.4% lower at Rs 50.93. The stock has corrected 31% from its peak of Rs 73.
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