Bank of Maharashtra drops 11% on Q4 results

Internet Desk | Updated on June 17, 2020

Bank of Maharashtra on Tuesday reported a 19 per cent fall in standalone net profit at ₹58 crore in the fourth quarter ended March 31, 2020, due to a jump in loan-loss provisions, including the Covid-19 pandemic-related regulatory package.

Reacting to the financials, the shares have dropped as much as 11.90 per cent to ₹10 in the early trade. Later it recouped losses to trade 4.41 per cent lower at ₹10.85.

Published on June 17, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like