Published On : Sat, Dec 18th, 2021

BoM tops Loan and Deposit Growth during FY 20-21; Q1, Q2 of FY 21-22

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Nagpur: Bank of Maharashtra (BoM) has continuously emerged as top performer among other Public Sector Banks in terms of Loan and Deposit Growth during financial year (FY) 2020-2021 and quarter 1(Q1) and Q2 of FY 2021-22. Currently BoM is present in all states and moving towards having its presence across all districts at Pan India Level, informed Hemant Kumat Tamta, Executive Director, BoM here on Saturday.

Tamta was addressing a press conference at Press Club, Civil Lines. Vaibhav Kale, Zonal Manager, Onkar Kumar, Deputy Zonal Manager were also present on this occasion.

The Nagpur Zone comprises of 63 Branches, spread across three districts of Maharashtra, namely; Nagpur (42 Branches – generating 85% of business share), Bhandara (11 Branches – generating 7% of business share), Gondia (10 Branches – generating 8% of business share), said Tamta.

The numbers of deposit A/c Holders in Nagpur Zone are 12,58,025 while numbers of Advances A/c Holders are 56,224. Three districts of the Zone viz. Nagpur, Bhandara and Gondia are closely connected and also shares state border with states like Madhya Pradesh (MP) and Chhattisgarh leading to add business from across States without restricting to operation of one State. Nagpur Zone has a mix of Industrial, Agricultural and other allied activities in its business fold.