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Bank of Maharashtra shines on restructuring loan worth around Rs 1100 crore for RSEB

27 Jan 2012 Evaluate

Bank of Maharashtra is currently trading at Rs. 48.05, up by 0.75 points or 1.59% from its previous closing of Rs. 47.30 on the BSE.

The scrip opened at Rs. 47.40 and has touched a high and low of Rs. 48.50 and Rs. 47.25 respectively. So far 23423 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.00 on 06-Apr-2011 and a 52 week low of Rs. 37.75 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 48.90 and Rs. 45.20 respectively. The current market cap of the company is Rs. 2314.63 crore.

The promoters holding in the company stood at 79.24% while Institutions and Non-Institutions held 9.69% and 11.07% respectively.  

Bank of Maharashtra has restructured loan worth around Rs 1,100 crore, extended to Rajasthan State Electricity Board (RSEB), in the third quarter ended December 31,2011 in order for allocating latter’s board more time to for repayment. There will be a moratorium of around six months to one year for RSEB with regard to loan repayment. The public sector lender has received a state government guarantee along with higher rate of interest as part of debt recast deal.

The bank's net profit increased by 50.18% to Rs 135.54 crore for the quarter ended December 31, 2011, from Rs 90.25 crore in the corresponding year-ago quarter. Total income rose by 30.14% to Rs 2020.78 crore for the quarter under review from Rs 1552.74 crore for the same quarter last year. The bank’s gross NPA for the December quarter of the current fiscal stood at 2.06%, while the same was at 3.15% for the corresponding quarter of the previous fiscal. Meanwhile, bank’s net NPA stood at 0.54% as compared to 1.85% in the same quarter of the previous year.

Bank of Maharashtra Share Price

72.72 1.48 (2.08%)
17-Apr-2026 16:59 View Price Chart
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