Bank of Maharashtra shares hit a 52-week high of Rs 51.90 on 4 October after the company reported a strong quarterly report for Q2.

The public sector lender reported a 22.1% YoY increase in its total deposits at Rs 2.3 lakh crore for the quarter under review, against the Rs 1.9 lakh crore reported in the year-ago quarter.

The bank’s gross advances saw a 23.55% YoY increase at Rs 1.83 lakh crore against the Rs 1.48 lakh crore reported in the corresponding quarter in FY23.

The CASA (current account savings account) deposits saw a 10.11% YoY increase at Rs 1.21 lakh crore for Q2 against the Rs 1.10 lakh crore in the year-ago quarter. The CASA ratio was at 50.71% for the second quarter against the 56.27% in the Q2FY23.

The bank’s net interest income for the quarter under review was at Rs 2,340 crore, up from Rs 1,686 crore reported in the year-ago quarter.

At 11:20 am, the shares of Bank of Maharashtra were trading at Rs 49.80 or 0.61% above its previous close on NSE.