Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 121)

2024-05-21 Banking

121.

Which bank led PSU banks in business growth during FY24?

Bank of Maharashtra

State Bank of India

Bank of India

Canara Bank

Answer: Option

Explanation:

Bank of Maharashtra stood out among public sector banks in FY24 with significant business growth and deposit mobilization. It recorded a remarkable 15.94% rise in total business and a notable 52.73% growth in low-cost CASA deposits, highlighting its strategic advantage and effective cost management strategies.