{"id":1281843,"date":"2024-05-22T08:43:47","date_gmt":"2024-05-22T03:13:47","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1281843"},"modified":"2024-05-22T08:44:07","modified_gmt":"2024-05-22T03:14:07","slug":"this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/","title":{"rendered":"This Govt Bank Beats SBI, PNB In Growth Rate For 2023-24"},"content":{"rendered":"\n

<\/p>\n\n\n\n

Among public sector banks, Bank of Maharashtra had the highest<\/a> growth rate in terms of overall business and deposit mobilization in FY24. In FY24, Bank of Maharashtra’s overall domestic business increased by 15.94%.<\/p>\n\n\n\n

\"This<\/figure>\n\n\n\n

Whereas, India\u2019s largest bank, State Bank of India (SBI) came next, with its overall business growing by 13.12%. <\/p>\n\n\n\n

Bank Of Maharashtra Records Highest Growth Rate Among PSU Banks in 2024<\/strong><\/p>\n\n\n\n

In absolute terms, Bank of Maharashtra’s entire business was \u20b94,74,411 crore, while SBI’s was \u20b979,52,784 crore. With a 15.66% increase in deposit mobilization in FY24, Bank of Maharashtra remained in the lead.<\/p>\n\n\n\n

Following with deposit growths of 11.07%, 11.05%, and 10.98%, respectively, were SBI, Bank of India, and Canara Bank. In FY24, just four public sector banks saw double-digit increase in deposits.<\/p>\n\n\n\n

With a 52.73% increase, Bank of Maharashtra was the leader in low-cost CASA deposits.<\/p>\n\n\n\n

After that, CASA deposits increased by 50.02% at the Central Bank of India. Banks can lower their cost of funds by having a higher level of CASA deposits.<\/p>\n\n\n\n

UCO Bank Sees 16.38% Loan Growth<\/strong><\/p>\n\n\n\n

With 16.38% loan growth, UCO Bank led the way, followed by Bank of Maharashtra (16.30%). In FY24, SBI’s loan growth was 16.26%. The remaining public sector banks’ loan growth was less than 16 percent.<\/p>\n\n\n\n

The banks with the lowest gross non-performing assets (NPAs) were SBI and Bank of Maharashtra, with 2.24% and 1.88%, respectively.<\/p>\n\n\n\n

The banks with the lowest net NPAs were Indian Bank and Bank of Maharashtra, with 0.43% and 0.2%, respectively. <\/p>\n\n\n\n

Additionally, at 17.38%, the Bank of Maharashtra had the highest capital adequacy ratio.<\/p>\n\n\n\n

The next two banks with capital adequacy ratios of 17.28% and 17.16%, respectively, were Indian Overseas Bank and Punjab & Sind Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

Among public sector banks, Bank of Maharashtra had the highest growth rate in terms of overall business and deposit mobilization in FY24. In FY24, Bank of Maharashtra’s overall domestic business increased by 15.94%. Whereas, India\u2019s largest bank, State Bank of India (SBI) came next, with its overall business growing by 13.12%.  Bank Of Maharashtra Records […]<\/p>\n","protected":false},"author":25,"featured_media":1281854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5344,866,460],"class_list":["post-1281843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bank-of-maharashtra","tag-psu-banks","tag-sbi"],"acf":[],"yoast_head":"\nThis Govt Bank Beats SBI, PNB In Growth Rate For 2023-24 - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Govt Bank Beats SBI, PNB In Growth Rate For 2023-24 - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Among public sector banks, Bank of Maharashtra had the highest growth rate in terms of overall business and deposit mobilization in FY24. In FY24, Bank of Maharashtra’s overall domestic business increased by 15.94%. Whereas, India\u2019s largest bank, State Bank of India (SBI) came next, with its overall business growing by 13.12%.  Bank Of Maharashtra Records […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-22T03:13:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-22T03:14:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/05\/ify-34.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Radhika Kajarekar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Radhika Kajarekar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/\",\"url\":\"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/\",\"name\":\"This Govt Bank Beats SBI, PNB In Growth Rate For 2023-24 - Trak.in - Indian Business of Tech, Mobile & Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/05\/ify-34.png\",\"datePublished\":\"2024-05-22T03:13:47+00:00\",\"dateModified\":\"2024-05-22T03:14:07+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/3d6ff61ba47715670139663cc4767b1c\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/05\/ify-34.png\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/05\/ify-34.png\",\"width\":1000,\"height\":465},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"This Govt Bank Beats SBI, PNB In Growth Rate For 2023-24\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile & Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/3d6ff61ba47715670139663cc4767b1c\",\"name\":\"Radhika Kajarekar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f1db673eec2bc1089f0cb5aabbc342d28aa6e57f0b0ade5099ce322f0a984358?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f1db673eec2bc1089f0cb5aabbc342d28aa6e57f0b0ade5099ce322f0a984358?s=96&d=mm&r=g\",\"caption\":\"Radhika Kajarekar\"},\"url\":\"https:\/\/trak.in\/stories\/author\/radhika-kajarekar\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"This Govt Bank Beats SBI, PNB In Growth Rate For 2023-24 - Trak.in - Indian Business of Tech, Mobile & Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/","og_locale":"en_US","og_type":"article","og_title":"This Govt Bank Beats SBI, PNB In Growth Rate For 2023-24 - Trak.in - Indian Business of Tech, Mobile & Startups","og_description":"Among public sector banks, Bank of Maharashtra had the highest growth rate in terms of overall business and deposit mobilization in FY24. In FY24, Bank of Maharashtra’s overall domestic business increased by 15.94%. Whereas, India\u2019s largest bank, State Bank of India (SBI) came next, with its overall business growing by 13.12%.  Bank Of Maharashtra Records […]","og_url":"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile & Startups","article_published_time":"2024-05-22T03:13:47+00:00","article_modified_time":"2024-05-22T03:14:07+00:00","og_image":[{"width":1000,"height":465,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/05\/ify-34.png","type":"image\/png"}],"author":"Radhika Kajarekar","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Radhika Kajarekar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/","url":"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/","name":"This Govt Bank Beats SBI, PNB In Growth Rate For 2023-24 - Trak.in - Indian Business of Tech, Mobile & Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/05\/ify-34.png","datePublished":"2024-05-22T03:13:47+00:00","dateModified":"2024-05-22T03:14:07+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/3d6ff61ba47715670139663cc4767b1c"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/05\/ify-34.png","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/05\/ify-34.png","width":1000,"height":465},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/this-govt-bank-beats-sbi-pnb-in-growth-rate-for-2023-24\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"This Govt Bank Beats SBI, PNB In Growth Rate For 2023-24"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile & Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/3d6ff61ba47715670139663cc4767b1c","name":"Radhika Kajarekar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f1db673eec2bc1089f0cb5aabbc342d28aa6e57f0b0ade5099ce322f0a984358?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f1db673eec2bc1089f0cb5aabbc342d28aa6e57f0b0ade5099ce322f0a984358?s=96&d=mm&r=g","caption":"Radhika Kajarekar"},"url":"https:\/\/trak.in\/stories\/author\/radhika-kajarekar\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/05\/ify-34.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1281843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1281843"}],"version-history":[{"count":1,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1281843\/revisions"}],"predecessor-version":[{"id":1281855,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1281843\/revisions\/1281855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1281854"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1281843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1281843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1281843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}