Bank of Maharashtra’s share price surges by 4.51%
Maharashtra Bank (BoM) saw a 4.51 percent increase in its share price after announcing this significant rise 95% net profit growth On an annual basis in the first quarter of this fiscal year.
During the quarter, Maharashtra Bank’s net profit was Rs.882 crore, as against Rs.452 crore in the corresponding period last year.
This increase is due to the growth in net interest and other income, in addition to the decrease in provisions for loan losses.
The Bank’s financial performance in this quarter reflected its ability to efficiently manage its assets and liabilities. As a result, its shares rose by 4.51 per cent to Rs 32.92 at 02:15 pm on Wednesday. mad cow disease.