Bank of Maharashtra
BANKING Bank of Maharashtra net profit up by 65.32% in Q2 Oct 24, 2012 Bank of Maharashtra, one of the largest banks in Western Maharashtra, posted a 65.32% rise in net profit at Rs. 166.01 crore for the second quarter of FY2012–13 as compared to Rs. 100.42 crore for the second quarter of FY2011–12. The bank’s operating profit for Q2 increased to Rs. 472.88 crore as against Rs. 425.04 crore for Q2 of FY2011-12, recording a growth of 11.26%. Net profit for half year ended September 2012 increased by 37.76% to Rs. 306.47 crore as compared to Rs. 222.46 crore for the half year ended September 2011. The total income of the Bank was at Rs. 4651.39 crore for the first half of FY 2012–13 as compared to Rs. 3762.64 crore for the first half of FY 2011–12, showing an increase of Rs888.75 crore [+23.62%] on y-o-y basis. During Q2 of 2012-13, the total income stood at Rs. 2434.09 crore in comparison with Rs. 1945.01 crore in Q2 of previous fiscal, showing an increase o...