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Bank of Maharashtra zooms on plan to sell Rs 520 crore NPAs by month-end

04 Mar 2014 Evaluate

Bank of Maharashtra is currently trading at Rs. 30.75, up by 1.25 points or 4.24 % from its previous closing of Rs. 29.50 on the BSE.

The scrip opened at Rs. 29.70 and has touched a high and low of Rs. 31.45 and Rs. 29.55 respectively. So far 86486 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 62.65 on 30-Apr-2013 and a 52 week low of Rs. 29.10 on 28-Feb-2014.

Last one week high and low of the scrip stood at Rs. 30.00 and Rs. 29.10 respectively. The current market cap of the company is Rs. 2500.51 crore.

The promoters holding in the company stood at 85.21 % while Institutions and Non-Institutions held 7.76 % and 7.03 % respectively.

Bank of Maharashtra is planning to sell Rs 520 crore NPAs by month-end. It is an attempt of the bank to reduce stress on burgeoning bad asset book. The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal increased to 4.01%, as compared to 1.71% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.56% as compared to 0.66% in the same quarter of the previous year.

Bank of Maharashtra has reported a fall of 71.77% in its net profit at Rs 46.85 crore for the quarter ended September 30, 2013 as compared to Rs 166.01 crore for the same quarter in the previous year. Total income of the bank increased by 31.32% at Rs 3196.56 crore for quarter under review as compared to Rs 2434.09 crore for the quarter ended September 30, 2012.

Bank of Maharashtra Share Price

71.25 1.07 (1.52%)
15-Apr-2026 12:13 View Price Chart
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