Bank of Maharashtra recorded a 23% surge in its net profit to Rs 1,593 crore during the quarter ended June, aided by fall in bad loans and improvement in interest income.
The lender has posted a net profit of Rs 1,293 crore in the first quarter of the same period last year. Total income April-June soared to Rs 7,879 crore from Rs 6,769 crore in the year ago period.
Interest income for the bank rose to Rs 7,054 crore during the quarter under review of fiscal 2026, up from Rs 5,875 crore during the same period last fiscal.
The bank's asset quality also improved, with gross non-performing assets falling to 1.74% of gross advances from 1.85% a year earlier. Similarly, net NPAs declined to 0.18%, compared to 0.20% in the year-ago quarter.
The capital adequacy ratio improved to 20.06% from 17.04% in the corresponding quarter of financial year 2025.
(With PTI Inputs)
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