In terms of RAM (retail, agriculture and MSME) segment, which of the following public sector bank have registered the highest growth rate?

Solution

In terms of RAM (retail, agriculture and MSME) segment, BoM registered the highest growth rate of 18.65 per cent at Rs 80,669 crore. Bank of Maharashtra has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms during 2021-22. Bank of Maharashtra recorded a 26 per cent increase in gross advances at Rs 1,35,240 crore at the end of March 2022. 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. Total business growth of BoM was also the highest at 20 per cent at Rs 3,37,534 crore followed by Union Bank of India at 11.04 per cent at Rs 17,31,371 crore at the end of FY'22.