Bank Of Maharashtra

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Mid Cap | Bank - Public
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Bank of Maharashtra reports 15% rise in Q1 net profit

Date: 21-07-2012

Bank of Maharashtra has reported results for first quarter ended June 30, 2012.

On standalone basis, the bank has posted a rise of 15.09% in its net profit at Rs 140.46 crore for the quarter ended June 30, 2012 as compared to Rs 122.04 crore for the same quarter in the previous year.  Total income has increased by 21.99% at Rs 2217.30 crore for quarter under review as compared to Rs 1817.63 crore for the quarter ended June 30, 2011.

Bank of Maharashtra (BoM) was registered on September 16, 1935 with a capital of Rs10 Lakh. Today it has the largest network of 1,375 branches than any other public sector banks in Maharashtra. It has a network of 345 ATMs.