Public sector lender Bank of Maharashtra 's net profit grew by 65 percent year-on-year
to Rs 166 crore in the July-September quarter of current financial year, helped
by falling non-performing assets (NPAs) and provisions.
Net interest income rose by 13.6 percent to Rs 719 crore
from Rs 633 crore during the same period.
Gross NPAs fell by 24 basis points QoQ to 2 percent and even
net NPAs declined 9 basis points to 0.88 percent in the second quarter of FY13.
The bank has made provisions of Rs 222.5 crore for the
quarter that was quite lower compared to Rs 315.6 crore in the previous
quarter.
Capital adequacy ratio stood at 10.75 percent as against
12.46 percent QoQ.
At 14:47 hours IST, the share price rose 4 percent to Rs
51.65 amid large volumes on the Bombay Stock Exchange.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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