Shares of public sector lender Bank of Maharashtra climbed 5% to hit a new 52-week high at Rs 51.9 in Wednesday’s trade on BSE after the bank recorded strong growth in total business for the September quarter, showing a nearly 23% jump over the previous year period.Its total business surged 22.8% on a year-on-year (YoY) basis to a provisional Rs 4,22,419 crore while deposits increased 22.2% to Rs 2,39,306 crore. Its current account and savings account (CASA) deposits registered growth of 10.1% to Rs 1,21,345 crore compared with the year-ago period. According to the second quarter business update released by the bank, gross advances increased 23.5% YoY to Rs 1,83,113 crore. Meanwhile, its…
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bank of maharashtra q2 business update: Bank of Maharashtra shares climb 5%, hit 52-week high on Q2 business update
