Bank of Maharashtra (BoM) has retained the top position among public sector banks in terms of loan and deposit growth during the second quarter of the current financial year. BoM saw a 20% increase in deposits and advances, the highest among all public sector banks. In terms of gross domestic advances, BoM’s growth rate was 23.55%, while State Bank of India (SBI) stood at the seventh spot with a 13.21% rise. BoM also recorded a 22.18% increase in deposits, maintaining its top position in garnering low-cost Current Account and Savings Account (CASA) deposits.
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