India's Bank of Maharashtra hits 7-year high as quarterly deposits jump

Bank of Maharashtra

04/10/2023 05:36

** Shares of Bank of Maharashtra  BMBK.NS  advances as much as 4.9% to hit a
seven-year peak at 51.90 rupees 
    ** Stock on track to rise for third straight day, if gains hold  urn:newsml:reuters.com:*:nFWN3B518X
    ** State-owned lender reports an over 22% Y/Y increase in total deposits for
the Sept quarter, per provisional data
    ** Adds, gross advances surged about 24%  
    ** Stock up ~66% YTD vs 24% increase in Nifty PSU index  .NIFTYPSU 
    

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))