Bank of Maharashtra net profit jumps 45%
Business Standard|April 27, 2024
Bank of Maharashtra's profit increased 44.95 per cent year-on-year (Y-o-Y) to ₹1,218 crore for the March quarter (Q4) of FY24 on the back of a steady rise in net interest income (NII) and uptick in fees and commissions.
ABHIJIT LELE

Sequentially, the public sector lender's profit rose by 17.6 per cent from ₹1,036 crore in the quarter ended December (Q3) of FY24.

As for annual performance, the Pune-based bank's profit for FY24 rose 55.84 per cent to ₹4,055 crore from 2,602 crore for FY23.

The bank's net interest income (NII) expanded 18.17 per cent to 2,584 crore in Q4FY24, compared to ₹2,187 crore in Q4FY23. Sequentially, NII rose 4.81 per cent over Q3FY24.

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