Bank of Maharashtra’s Net profit surges 23%

Bank of Maharashtra’s Net profit surges 23%

Public sector lender Bank of Maharashtra has posted a net profit of Rs 86.68 crore for the July-September quarter, up 22.86 per cent against Rs 70.55 crore reported over the same period a year back.

The Pune-based bank's revenue jumped 14.64 per cent during the second quarter this fiscal to Rs 1,302.69 crore as against Rs 1,136.38 crore posted during the same period last year.

During second quarter of FY 2009-10, the total expenses stood at Rs 254.84 crore as compared to Rs 208.34 crore for the corresponding quarter in the previous year.

The scrip of the bank closed on Friday at Rs 43 on BSE. The counter has made 52-week-high and low of Rs 52 and Rs 19 respectively.

(Image Source: Flickr User Suresh Kumar)