Bank of Maharashtra Q3 profit rises 36% to Rs 1,406 crore

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Bank of Maharashtra (BoM) reported a 36% increase in net profit for Q3 ending December 2024 to Rs 1,406 crore, driven by higher interest income.Gross NPAs reduced to 1.80%, and PCR stood at 98.28%.

The bank raised Rs 3,500 crore through Qualified Institutional Placements.

The Pune-based lender had posted a net profit of Rs 1,036 crore in the October-December period a year ago.

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Author / Journalist: PTI

Category: EconomyBusiness

Markets: India

Topics: Bank of Maharashtra interest income Bank of Maharashtra financial results Bank of Maharashtra net profit rise Bank of Maharashtra earnings report Bank of Maharashtra Q3 profit

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 19:01:32 (3 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 594 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 25174679

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