Bank of Maharashtra’s CASA ratio highest in the industry: Chitra Datar, GM and ZM, Delhi Zone

New Delhi, 10 June 2022: “Out of all the 14 financial and efficiency parameters, Bank of Maharashtra has ranked number 1 among all the public-sector banks in FY 21-22,” said Chitra Datar, General Manager and Zonal Head, Bank of Maharashtra, Delhi Zone.

“Especially during the pandemic when there was no growth in trading and geopolitical tensions were on the rise, the bank did not look back and showed 26% credit growth,” said Datar.

Proving aptness of BOM’s slogan “One Family and One Bank”, she said people have told me that they have been associated with the Bank for over three generations. They express their faith and belief in the bank and feel that it is their own bank, said Datar.

She also informed that the Bank of Maharashtra has the highest CASA ratio of 58% which is highest in the industry and has also ranked number 1 in terms of net NPA which amounts to 0.97%.

On newly opened foreign exchange centre in Noida, Chitra Datar stated, “It is the 30th foreign exchange center in India that is being inaugurated. Earlier, customers from Noida and other regions were forced to go to Connaught Place’s branch or seek services from other banks. But with this forex center, all the customers will be benefitting from the services related to foreign exchange and we will also get a good forex business.”

“It is a type B center that offers facilities such as pre-shipment credit, post-shipment credit, foreign LCA, and foreign trade finance among other services,” she added.

“We are also known for offering digital and innovative products, Maha UPI, Maha mobile, and highly-secured internet banking. Our customers and employees are proud of the Bank of Maharashtra. We always say “Our Feet are on the Streets” and always running to work for the welfare of the bank and the people,” said Chitra Datar.