Q1FY24 Quarterly Result Announced for Bank of Maharashtra
Bank of Maharashtra announced Q1FY24 results: Total Business grew by 24.84% to Rs 4,20,041 crore. Total Deposits up by 24.73% to Rs 2,44,365 crore. CASA stood at a level of 50.97% of Total Deposit. Gross Advances increased by 24.98% to Rs 1,75,676 crore. CD Ratio increased to 71.89% Gross NPA improved to 2.28% as of 30.06.2023. Net NPA improved to 0.24% as of 30.06.2023. Provision Coverage Ratio improved to 98.37%. Net Profit up by 95.19% to Rs 882 crore. Operating profit increased by 55.04% to Rs 1,863 crore. Net Interest Income increased by 38.80% to Rs 2,340 crore. Net Interest Margin (NIM) improved to 3.86% as of 30.06.2023. Other Income increased by 98.47% to Rs 629 crore. Cost to Income Ratio improved to 37.23%. Return on Assets (ROA) improved to 1.33%. Return on Equity (RoE) has improved to 23.73%. CRAR improved to 18.07% of which Tier I is 14.36% Result PDF19-07-2023