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Bank of Maharashtra reports net loss of Rs 113.51 crore for Q4

05 May 2018 Evaluate

Bank of Maharashtra has reported results for the fourth quarter and year ended March 31, 2018.

The Bank has reported a net loss of Rs 113.51 crore for the quarter ended March 31, 2018 as compared to a net loss of Rs 455.45 crore for the same quarter in the previous year. Total income of the Bank has decreased by 7.76% at Rs 3094.46 crore for quarter under review as compared to Rs 3354.80 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the Bank has posted a net loss of Rs 1145.65 crore as compared to a net loss Rs 1372.51 crore for the same period in the previous year. Total income of the Bank decreased 7.13% at Rs 12,602.47 crore for year under review as compared to Rs 13,570.03 crore for the period ended March 31, 2017.


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