Bank of Maharashtra’s stock jumped 6% after the bank reported robust provisional financial results for Q3 FY25. Total business surged 16.87% year-on-year (YoY) to ₹507,670 crore, while total deposits rose 13.54% to ₹279,018 crore.
The bank’s CASA deposits grew 11.50% YoY to ₹137,504 crore, maintaining a solid CASA ratio of 49.28%. Gross advances increased by an impressive 21.19%, reaching ₹228,652 crore, reflecting strong lending activity.
Additionally, the credit-deposit (CD) ratio improved to 81.95% from 76.78% in December 2023, underscoring the bank’s efficient credit utilization.
Bank of Maharashtra shares traded in the range of ₹54.51 to ₹56.10 today, with an opening price of ₹54.71, up from the previous close of ₹52.76. The stock’s 52-week performance spans from a low of ₹45.20 to a high of ₹73.50.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
