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Our Bureau

Pune, July 25 Bank of Maharashtra has recorded a net profit of Rs 81.58 crore for the first quarter of the current fiscal as against Rs 60.96 crore in the corresponding period last year, registering a growth of 33.82 per cent.

Total income during the quarter increased to Rs 872.82 crore, up by 27.26 per cent, over the previous year.

Non-interest income (excluding treasury income) grew by 26.46 per cent to touch Rs 67.82 crore from Rs 53.63 crore. Other income includes recovery in written off accounts of Rs 12.30 crore besides commission, brokerage and forex income of Rs 55.52 crore, an official communication has said.

Total business increased to Rs 58,381 crore from Rs 45,105 crore, up by 29.43 per cent.

Total deposits stood at Rs 34,250 crore (Rs 27,611 crore), recording annualised growth of 24.04 per cent.

The average deposits grew from Rs 26,882 crore to Rs 33,662 crore.

More Stories on : Public Sector Banks | Financial Performance

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