India's Bank of Maharashtra leads public sector banks higher after quarterly update

Bank of Maharashtra

03/01/2025 04:48

** Bank of Maharashtra's  BMBK.NS  stock jumps 4.7% to 55.23
rupees - biggest jump in two months
    ** Government-owned lender is top pct gainer on Nifty Public
Sector Bank index  .NIFTYPSU , which is up 1.6%
    ** BMBK says its deposits grew 13% as of end-Dec, while
gross advances grew 21%
    ** BMBK rose ~16% in 2024, just ahead of public sector bank
stocks' gains of 14.5%


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))