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Bank of Maharashtra reports net loss of Rs 1,119 crore in Q1

03 Aug 2018 Evaluate

Bank of Maharashtra has reported results for first quarter ended June 30, 2018.

The Bank has reported a net loss of Rs 1,119.00 crore for the quarter under review as compared to net loss of Rs 412.20 crore for the same quarter in the previous year. Total income of the Bank decreased by 6.94% at Rs 2,987.10 crore for Q1FY19 as compared Rs 3,209.84 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 21.18%, as compared to 18.59% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 12.20% in Q1FY19.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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