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Bank of Maharashtra
Source Name: Bank of Maharashtra

Performance Highlights of Bank of Maharashtra for the Financial Year Ended 31st March 2015

May 14, 2015   19:07 IST 
India

Bank of Maharashtra had their Q4 FY’15 board meeting today.

 

Following are few highlights of the bank’s Q4 result:

  • Bank of Maharashtra has recorded 98% growth in the net profit during Q4 2014-15 over corresponding quarter of previous year. Operating profit also witnessed an increase of 17.38%.

  • Net profit of the year increased by 17% on y-o-y basis and was  at Rs 450 crore.

  • Total business of the bank reached level of Rs 223329 crore as on 31st March 2015 against Rs 207171 crore as on 31st March 2014 registering growth of 7.80% on y-o-y basis. CASA contributes 37.09% of total deposits, one of the industry.

  • Gross advances crosses Rs 1,00,000/- crore mark and reached level of Rs 1,01,210/- crore registering 12% growth.

  • Priority sector advances stood at Rs 39094.49 crore at the end March 2015 which is 41.76% ANBC.

  • Capital Adequacy Ratio under Basel III norms was at 11.94% as on 31st March 2015 against regulatory required level of 9%.

  • Bank of Maharashtra launched new schemes like Purple Privileges and Maha Mobile App during FY 2014-15.  

 

 

 

 

 

 

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