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Bank of Maharashtra turns black in Q3

21 Jan 2020 Evaluate

Bank of Maharashtra has reported results for third quarter ended December 31, 2019.

The bank has reported a net profit of Rs 135.26 crore for the quarter under review against net loss of Rs 3,764.26 crore for the same quarter in the previous year. Total income of the bank increased by 13.16% at Rs 3458.59 crore for Q3FY20 as compared Rs 3056.37 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a net profit of Rs 131.90 crore for the quarter under review against net loss of Rs 3,755.89 crore for the same quarter in the previous year. Total income of the bank increased by 12.74% at Rs 3455.25 crore for Q3FY20 as compared Rs 3064.83 crore for the corresponding quarter previous year.

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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