(From Left to Right) Asheesh Pandey, Executive Director, A S Rajeev, Managing Director & CEO &. A B Vijayakumar, Executive Director, Bank of Maharashtra while addressing press conference
Mumbai: Bank of Maharashtra’s Q2 net profit increased to Rs 535 crore because of a decline in bad loans against Rs 264 crore in the same quarter of the previous fiscal. The lender was able to reduce gross non-performing assets (NPAs) to 3.40 percent of the gross loans in September-end 2022 from 5.56 percent a year ago. Total income increased to Rs 4,317 crore during the quarter under review against Rs 4,039 crore in the year-ago period, BoM said in a regulatory filing. Likewise, net NPAs or bad loans came down to 0.68 percent from 1.73 percent at the end of the second quarter of the previous fiscal
