State-owned Bank of Maharashtra (BoM) on Wednesday posted a 36 per cent rise in net profit to Rs 1,406 crore in the third quarter ended December 2024 with rising interest income. The Pune-based lender had posted a net profit of Rs 1,036 crore in the October-December period a year ago. Total income increased to Rs 7,112 crore during the quarter under review against Rs 5,851 crore in the same period previous year, BoM said in a regulatory filing. The bank earned an interest income of Rs 6,325 crore during the quarter compared to Rs 5,171 crore a year ago. The bank was able to reduce gross Non-Performing Assets (NPAs) to 1.80 per cent of the gross loans by the end of December 2024 from 2.04 per cent in the year-ago period. Similarly, net NPAs or bad loans came down to 0.2 per cent from 0.22 per cent at the end of the third quarter of the previous fiscal. The Provision Coverage Ratio (PCR) as of December 31, 2024, is 98.28 per cent. The bank has raised Rs 3,500 crore through Qualifi

Bank of Maharashtra has an average target of 66.00 from 3 brokers.

Bank of Maharashtra

03 Jan 2025

57.32

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Bank of Maharashtra shares climb over 6% on strong Q3 business updates

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Bank of Maharashtra shares rose over 6% after reporting strong Q3 FY25 results, with total business up 16.9% Y-o-Y. Key metrics include a 21.19% increase in gross advances and improved credit-deposit ratio, signaling robust operational health and positive investor sentiment.

Number of FII/FPI investors increased from 168 to 177 in Jun 2025 qtr.

Bank of Maharashtra shares up 6% post Q3 update; gross advances rise 21%

Business Standard | 03 Jan 2025 1 more

Bank of Maharashtra

17 Oct 2024

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Broker's call: Bank of Maharashtra (Buy)

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Bank of Maharashtra has an average target of 66.00 from 3 brokers.

Bank of Maharashtra

16 Oct 2024

57.32

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Bank of Maharashtra shares soar over 2% on healthy Q2FY25 results

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The Pune-based lender's NII expanded 15.41 per cent YoY to Rs 2,807 crore in Q2 FY25 compared to Rs 2,432 crore in the corresponding quarter of the previous fiscal year

Bank of Maharashtra average weekly volume is high.

Bank of Maharashtra

15 Oct 2024

57.32

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Bank of Maharashtra reports 44% jump in Q2FY25 net profit at 1,327 cr

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The Pune-headquartered public sector bank had reported a net profit of Rs 920 crore in the year ago quarter

Bank of Maharashtra average weekly volume is high.

Bank of Maharashtra Q2 results: Net profit up 44% on healthy NII growth

Business Standard | 15 Oct 2024 1 more

Bank of Maharashtra

15 Oct 2024

57.32

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Bank of Maharashtra Q2 results: Profit surges 44% to Rs 1,327 crore

Business Standard

State-owned Bank of Maharashtra (BoM) on Tuesday posted a 44 per cent jump in its profit at Rs 1,327 crore in the second quarter ended September 2024 on account of improvement in interest income. The Pune-based lender had posted a net profit of Rs 920 crore in the same quarter a year ago. Total income increased to Rs 6,809 crore during the quarter under review against Rs 5,736 crore in the same period last year, BoM said in a regulatory filing. Talking about the financial performance, BoM Managing Director Nidhu Saxena said Net Interest Margin (NIM) increased to 3.98 per cent, from 3.88 per cent in the same quarter a year ago. Among the stack of 12 public sector banks, BoM has the highest NIM, Saxena said, adding the target for the NIM for the current fiscal is 3.75-3.85 per cent anticipating a rate cut during the course of the year. He further said the bank expects the net profit of the bank to cross Rs 5,000 crore during the current fiscal. In the H1, the profit has crossed Rs