Bank of Maharashtra has reported results for first quarter ended June 30, 2013.
The bank has reported a rise of 89.61% in its net profit at Rs 266.33 crore for the quarter, as compared to Rs 140.46 crore for the same quarter in the previous year. Total income from operation of the bank has increased by 34.14% to Rs 2974.31 crore for the quarter under review as compared to Rs 2217.30 crore for the quarter ended June 30, 2012.
Gross non-performing assets (NPAs) improved to 1.80% in the April-June quarter as against 2.24% in the same quarter previous year while, net NPAs decreased to 0.80%.
