Bank of Maharashtra has reported results for first quarter ended June 30, 2017.
The Bank has reported a net loss of Rs 412.20 crore for the quarter under review as against a net loss of Rs 397.40 crore for the same quarter in the previous year. Total income of the Bank decreased by 6.80% at Rs 3209.84 crore for Q1FY18 as compared Rs 3444.15 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 18.59%, as compared to 12.64% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 12.48% in Q1FY18.