Bank of Maharashtra Shares Soar 3% to New High on Stellar Q3 Results

• Bank of Maharashtra shares surged over 3% to a new one-year high of ₹65.95, driven by strong December quarter performance.
• The bank reported a 15.3% YoY increase in total deposits to ₹3.21 lakh crore and a 17.24% jump in total business.
• CASA deposits grew by 15.93% to ₹1.59 lakh crore, with the CASA ratio expanding by 27 basis points to 49.55%.
• Total advances increased by 19.61% to ₹2.73 lakh crore, including significant growth in corporate advances.
• Government plans to sell 5-6% stake via Offer for Sale (OFS) to meet SEBI's minimum public shareholding norms.

Why It Matters: BoM shares hit a one-year high driven by robust Q3 results and deposit growth.