Question
Which bank has emerged as top performing PSU lenders
chart in loan growth during FY22?Solution
State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms during 2021-22. The Pune-headquartered lender recorded a 26 per cent increase in gross advances at Rs 1,35,240 crore at the end of March 2022, according to the BoM data. It was followed by State Bank of India and Union Bank of India with 10.27 per cent and 9.66 per cent growth, respectively.
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