Bank of Maharashtra’s Q2 net profit soars by 65%

Bank Of Maharashtra | Bank - Public | BFSI | BSE: 532525 | NSE: MAHABANK

23 Oct 2012 Evaluate

Bank of Maharashtra has reported results for second quarter ended September 30, 2012.

The bank has posted a rise of 65.32% in its net profit at Rs 166.01 crore for the quarter ended September 30, 2012 as compared to Rs 100.42 crore for the same quarter in the previous year. Total income has increased by 25.15% at Rs 2434.09 crore for quarter under review as compared to Rs 1945.01 crore for the quarter ended September 30, 2011.

Gross non-performing assets (NPAs) of the bank have decreased to 2% for the quarter as against 2.24% in the previous quarter. Net non-performing assets (NPAs) of the bank were at 0.88%, lower than 0.97% in the previous quarter.

Peers

Company Name	CMP
State Bank Of India	980.00
PNB	115.85
Bank Of Baroda	234.20
Canara Bank	123.05
Union Bank Of India	176.25
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