India News: Bank of Maharashtra (BoM) has retained the top position among public sector banks in terms of loan and deposit growth during the second quarter of the
State-owned Bank of Maharashtra (BoM) retained the top spot among public sector lenders in loan and deposit growth in percentage terms during the second quarter of the current financial year. The deposit and advances of the Pune-based lender posted an over 20 per cent rise, the highest by any public sector bank during the July-September period.
With a growth rate of 23.55 per cent, gross domestic advances of the bank rose to Rs 1,83,122 crore at the end of September 2023, according to published quarterly numbers of public sector banks (PSBs).
Appointments Committee of the Cabinet (ACC) has approved extension of term of office of A S Rajeev, MD and CEO of BoM, for six months till his superannuation.
A court has rejected the Central Bureau of Investigation s (CBI) request to close a case against BJP leader Mohit Kamboj and others. The case involves cheating and forgery, resulting in a loss of Rs 103 crore to the Central Bank of India. The court stated that a case of criminal conspiracy, cheating, and forgery was "fully established against all the accused."