Bank of Maharashtra posted strong Q4 FY24 numbers, with credit growth of 17.84% YoY to ₹2.40 lakh crore. Deposits rose 13.45% to ₹3.07 lakh crore, pushing total business up 15.3% to ₹5.47 lakh crore. An improved Current Account Savings Account (CASA) ratio of 53.29% and a higher credit-deposit ratio of 78.14% signal stronger fundamentals, supporting a positive stock outlook.
