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Bank of Maharashtra’s Q2 net loss narrows to Rs 23.24 crore

13 Nov 2017 Evaluate

Bank of Maharashtra has reported results for second quarter ended September 30, 2017. 

The bank has reported net loss of Rs 23.24 crore for the quarter ended September 30, 2017 as compared to net loss of Rs 337.15 crore for the same quarter in the previous year. However, the total income of the Bank increased marginally by 0.19% at Rs 3303.62 crore for Q2FY18 as compared Rs 3297.31 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 18.54%, as compared to 14.08% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 12.68% in Q2FY18.

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