State-owned Bank of Maharashtra (BoM) has ranked first in the list of the top performer public sector lenders in terms of loan and deposit growth in percentage terms during 2021-22.
The Union Cabinet has approved USD 808 million (INR 6,062.45 crore) for a new scheme 'Raising and Accelerating MSME Performance' (RAMP). The new scheme assisted by the World Bank is expected to commence in the financial year of 2022-23.