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Bank Loans: Bank of Maharashtra overtakes SBI, 29 percent increase in loan disbursement rate

Bank of Maharashtra has topped among public sector banks in terms of credit growth rate in the second quarter of the financial year 2022-23. According to the quarterly data of public sector banks for the financial year 2022-23, Bank of Maharashtra’s gross credit grew by 28.62 per cent to Rs 1,48,216 crore in the July-September quarter.

Union Bank of India was second in this list after Bank of Maharashtra. The growth rate of its loan was 21.54 percent.

It allocated loans worth Rs 7,52,469 crore in the July-September quarter. According to the data, the third largest public sector bank in the list was State Bank of India (SBI). Its credit growth rate stood at 18.15 per cent and SBI disbursed total loans worth Rs 25,47,390 crore in the July-September quarter.