MAHA GROWTH

With its sharp focus on maintaining asset quality, Bank of Maharashtra has once again emerged as the Best Mid-sized Indian Bank in the BT-KPMG Survey of India’s Best Banks and NBFCs

NAVNEET DUBEY

BEST MID-SIZED INDIAN BANK BANK OF MAHARASHTRA THERE ARE VERY few turnaround stories in the banking sector, particularly among mid-sized banks. In the past, many such banks either merged or remained stagnant, and some are still struggling to make their way up. However, Bank of Maharashtra is an outlier. The bank, which reported a gross non-performing assets (GNPA) ratio of 1.84% in June 2024, an improvement from 2.28% a year earlier, has emerged as the winner in the Best Mid-sized Bank category of the BT-KPMG Survey of India’s Best Banks and NBFCs. The public sector bank (PSB) was put under the Prompt Corrective Action (PCA) framework in 2017 because of a high level of bad loans. In 2019, it was removed from PCA and has since become one of the…

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Business Today (Digital) - 1 Issue, 5 January 2025

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