Highest increase in deposits of SBI, Bank of Maharashtra, 10 government banks registered less than 10% growth

Bank of Maharashtra and SBI have been at the top among public sector banks in terms of deposit growth in the December quarter. The deposits of the remaining 10 banks have increased by less than 10 per cent. Bank of Maharashtra's deposits have increased by 17.89 per cent and SBI's deposits have increased by 12.84 per cent.

The total deposits of SBI have been Rs 45.68 lakh crore, which is more than 18 times compared to Bank of Maharashtra's Rs 2.46 lakh crore. Deposits of the Central Bank of India have increased by 9.53 per cent and deposits of Punjab National Bank have increased by 9.10 per cent.

The increase in bank deposits has come from current savings accounts. Among bad loans (NPAs), the Bank of Maharashtra's net NPA was 0.22% and the Indian Bank's was 0.53%, which is the lowest. The net profit of 12 public sector banks in the nine months of the current financial year has been Rs 98,355 crore. It was Rs 104,649 crore in the same quarter a year ago.