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Bank of Maharashtra reports net loss of Rs 455.45 crore in Q4

Bank of Maharashtra has reported results for fourth quarter and year ended March 31, 2017.

The Bank has reported a net loss of Rs 455.45 crore for the quarter ended March 31, 2017 as compared to a net loss of Rs 119.84 crore for the same quarter in the previous year. Total income of the Bank decreased by 5.94% at Rs 3354.80 crore for quarter under review as compared to Rs 3566.68 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2016, the Bank has posted a net loss of Rs 1372.51 crore as compared to a net profit of Rs 100.69 crore for the same period in the previous year. Total income of the Bank decreased by 3.57% at Rs 13570.03 crore for year under review as compared to Rs 14072.27 crore for the year ended March 31, 2016.

For the year ended March 31, 2016, on the consolidated basis, the Bank has posted a net loss of Rs 1356.09 crore as compared to a net profit of Rs 118.19 crore for the same period in the previous year. Total income of the Bank decreased by 3.57% at Rs 13586.79 crore for year under review as compared to Rs 14090.18 crore for the year ended March 31, 2016.

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