Bank of Maharashtra Q3 Report: net jumps 43 percent

Bank of Maharashtra Q3 Report – Net jumps 43 percent in the third quarter of the current financial year. Bank of Maharashtra, Pune headquartered premier Nationalized Bank, on January 22,2013 reported 43 per cent jump in net profit at Rs 194.06 crore for the third quarter ended December 31, 2012, the bank said in a filing to stock exchanges.

Net profit of the public sector lender in the same quarter of the previous fiscal, 2011-12, was Rs. 135.54 crore.

The non-performing assets of the bank increased to 0.66 per cent during the quarter, from 0.54 per cent over the same quarter a year earlier.

Income from wholesale banking increased to Rs. 1,846.96 crore from Rs. 941.92 crore, however, while income from retail banking fell to Rs. 196.75 crore from Rs 605.79 crore.

The bank had reserves and surplus of Rs. 4,030.75 crore as on December 31, 2012 as against Rs 3,249.90 crore as on December 31, 2011.

Its deposits as of December 31, 2012 stood at Rs. 99,276.49 crore, from Rs 69,925.68 crore over the same period of the previous fiscal.

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