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Bank of Maharashtra turns black in Q2

Bank of Maharashtra has reported results for second quarter ended September 30, 2018.

The Bank has reported net profit of Rs 27.00 crore for the quarter under review as against net loss of Rs 23.24 crore for the same quarter in the previous year. However, total income of the Bank decreased by 3.35% at Rs 3,192.80 crore for Q2FY19 as compared Rs 3,303.62 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 18.64%, as compared to 18.54% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 10.61% in Q2FY19.

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