State-owned Bank of Maharashtra (BoM) announced on Tuesday that it recorded a robust credit growth of 17.84% year-on-year in the January–March quarter, with total advances reaching Rs 2.40 lakh crore. This marks a significant rise from ?2.03 lakh crore as of March 31, 2024, according to a regulatory filing.

The Pune-based lender also saw a 13.45% increase in total deposits, which rose to Rs 3.07 lakh crore in Q4 FY24, up from Rs 2.70 lakh crore in the same period last year. With this performance, the bank’s total business has touched Rs 5.5 lakh crore.