Bank of Maharashtra has been felicitated as a Best Public Sector Bank in India at the Dun & Bradstreet- Polaris Financial Technology Awards 2013 under the category 'Asset Quality'. The grand ceremony has held in Mumbai on August 22, 2013. The award recognizes bank's growth besides its high quality loans & advances and investment.
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.
