Bank of Maharashtra reported its third quarter business update for FY25, with total business growing 16.9% year-on-year to ₹5.08 lakh crore, up from ₹4.34 lakh crore last year.

Gross advances rose 21.2 percent to ₹ 2.29 lakh crore, driven by strong credit demand. Total deposits grew by 13.5% year-on-year from ₹2.46 lakh crore to ₹2.79 lakh crore.

The CASA ratio, which reflects the share of low-cost current and savings account deposits, stood at 48.28%, as against 50.19% in the same quarter last year and 49.29% in the previous quarter.

Also read this: PNB Q3 Business Update: Deposits and Advances up 14% each.

The bank’s credit-deposit ratio rose to 81.95 percent from 76.78 percent a year ago.

For the July-September quarter, Bank of Maharashtra reported a 15% year-on-year rise in net interest income (NII) at ₹2,806.8 crore as against ₹2,432 crore in the same period last year.

Net profit for the quarter rose 44% to ₹1,326 crore, from ₹919 crore in the corresponding quarter of FY24.

Also read this: Bank of Maharashtra Q2 results: Net profit up 44%, asset quality stable

Shares of Bank of Maharashtra closed up 0.30 percent at ₹52.77 on the Bombay Stock Exchange on Thursday.