BoM Q3 net jumps 43% to Rs 194 crore

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SummaryBank of Maharashtra on Tuesday reported 43% jump in net profit at Rs 194.06 crore for the third quarter ended December 31.

Bank of Maharashtra on Tuesday reported 43% jump in net profit at Rs 194.06 crore for the third quarter ended December 31.

Net profit of the public sector lender in the same quarter of the previous fiscal, 2011-12, was R135.54 crore. Total income of the bank during the October-December quarter of 2012-13 increased to R2,710.16 crore from R2,020.78 crore, it said in a filing to the BSE.

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

Income from wholesale banking increased to R1,846.96 crore from R941.92 crore, however, while income from retail banking fell to R196.75 crore from R605.79 crore.

The bank had reserves and surplus of R4,030.75 crore as on December 31, 2012 as against R3,249.90 crore as on December 31, 2011. Its deposits as of December 31, 2012, stood at R99,276.49 crore, from R69,925.68 crore over the same period of the previous fiscal.

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