Bank of Maharashtra has turned profitable in the quarter
ended September 2018 as it has reported net profit of Rs 27 crore.
It had reported
net loss of Rs 23.2 crore in the same quarter last fiscal.
Net interest
income (NII) was up 4 percent at Rs 1,003 crore versus Rs 963.1 crore. Company's gross
NPA was down at 18.64 percent versus 21.18 percent, while net NPA was down at
10.61 percent versus 12.20 percent, QoQ.
In the absolute term the gross NPA reduced to Rs 16,873 crore against Rs 17,800
crore, while net NPA was down at Rs 8,743 crore against Rs 9,195 crore, QoQ.
The company's
provisions were at Rs 857.7 crore against Rs 1,633 crore, QoQ and versus Rs 791
crore, YoY.
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