Stocks

Bank of Maharashtra drops 11% on Q4 results

Internet Desk | Updated on June 17, 2020 Published 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.

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Published on June 17, 2020
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