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Bank of Maharashtra eyeing 25-30% growth in net profit in current financial year

23 May 2022 Evaluate

Bank of Maharashtra is eyeing a 25-30 percent growth in its net profit in the current financial year, aided by healthy growth in net interest income (NII) and a fall in provisions for bad assets. In the fiscal ended March 31, 2022, the Pune-based lender reported an over two-fold jump in its profit after tax (PAT) at Rs 1,152 crore, as against Rs 550 crore for the year ended March 2021.

Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.

Peers
Company Name CMP
State Bank Of India 957.25
PNB 112.00
Bank Of Baroda 232.80
Canara Bank 117.65
Union Bank Of India 168.40
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