Bank of Maharashtra’s standalone net profit increased 22.6% to ₹1,493 crore on increase in net interest income in quarter ended March 31, 2025
| Photo Credit: Santosh Mishra
Bank of Maharashtra’s standalone net profit increased 22.6% to ₹1,493 crore on increase in net interest income in quarter ended March 31, 2025. This number was ₹1,218 crore in the corresponding period last fiscal.
The net interest income increased 20.6% to ₹3,116 crore in the quarter under review as against ₹2,584 crore in the year-ago period. The net interest margin improved to 4.01% in the reporting quarter. Gross advances increased 17.8% to ₹2,39,837 crore while gross deposits grew at a slower pace of 13.44% , coming in at ₹3,07,143 crore.
The gross non-performing assets ratio decline to 1.74% and the net NPA too reduced to 0.18%, showing increasing asset quality. Provisions increased 4.35% to ₹983 crore in the reporting quarter as against ₹942 crore in the same period previous year.
The annual net profit of the bank increased 36.12 % to ₹5,520 crore in the fiscal-ended March 31 2025 from ₹4,055 crore in the previous fiscal. NII increased 18.8% to ₹ 11,666 crore fiscal 2024-25.
Published – April 25, 2025 09:30 pm IST
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