Financial institution of Maharashtra gross advances rise to Rs 1.29 lakh crore as on December finish

Financial institution of Maharashtra on Tuesday stated it has registered over 23 per cent development in gross advances to Rs 1,29,052 crore on the finish of December 2021.

The financial institution’s gross advances stood at Rs 1,04,904 crore on the finish of December 31, 2020.

In line with a regulatory submitting, deposits grew by 15.21 per cent to Rs 1,86,614 crore within the interval underneath evaluate as towards Rs 1,61,971 crore within the year-ago interval.

The financial institution’s whole enterprise was up by 18.28 per cent to Rs 3,15,666 crore from Rs 2,66,875 crore.

The CASA (Present Account Financial savings Account) ratio was at 55.05 per cent on the finish of December 2021.

Gross investments have been up by 12 per cent to Rs 72,328 crore on the finish of December 2021 from Rs 64,638 crore within the year-ago interval, the lender stated.

The submitting stated the figures associated to December 31, 2021 are provisional and are topic to evaluate by statutory central auditors of the financial institution.