Bank of Maharashtra net jumps 43% in Q3 to Rs 194 cr

MUMBAI: Bank of Maharashtra today reported 43 per cent 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 Rs 135.54 crore.

Total income of the bank during the October-December quarter of 2012-13 increased to Rs 2,710.16 crore from Rs 2,020.78 crore, it said in a filing to the BSE.

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

Income from wholesale banking increased to Rs 1,846.96 crore from Rs 941.92 crore, however, while income from retail banking fell to Rs 196.75 crore from Rs 605.79 crore.

The bank had reserves and surplus of Rs 4,030.75 crore as on December 31, 2012 as against Rs 3,249.90 crore as on December 31, 2011.

Its deposits as of December 31, 2012 stood at Rs 99,276.49 crore, from Rs 69,925.68 crore over the same period of the previous fiscal. PTI