Bank Of Maharashtra

Bank of Maharashtra, Pune-based bank, is planning to provide more loans to large corporates following other major public sector and private sectors banks move. Till date bank has focused on providing loans to agriculture, medium, micro and small-scale enterprises (MSMEs) and retail customers.

The corporate loan book of the bank is 37% against the industry average of 50%. The bank will grow its corporate loan book to 42% of advances by end of this fiscal.

The bank has posted a rise of 65.32% in its net profit at Rs 166.01 crore for the quarter ended September 30, 2012 as compared to Rs 100.42 crore for the same quarter in the previous year. Total income has increased by 25.15% at Rs 2434.09 crore for quarter under review as compared to Rs 1945.01 crore for the quarter ended September 30, 2011.