The financial institution’s internet curiosity earnings in Q4FY23 got here in at Rs 2,187 crore, which is 35.7 p.c larger as in comparison with Rs 1,612 crore reported within the corresponding interval of the final fiscal.
Financial institution of Maharashtra has recorded a internet revenue of Rs 840 crore within the fourth quarter of fiscal 12 months 2022-23, which is 135 p.c larger as in opposition to Rs 355.2 crore recorded within the year-ago interval, as per the monetary outcomes declared by the state-run lender on April 24.
The financial institution’s internet curiosity earnings (NII) in Q4FY23 got here in at Rs 2,187 crore, which is 35.7 p.c larger as in comparison with Rs 1,612 crore reported within the corresponding interval of the final fiscal.
The portion of financial institution’s gross non-performing asset (NPA) stood at 2.47 p.c as of March 31, 2023, which is decrease than 2.94 p.c recorded on the finish of the third quarter.
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The web NPA has additionally declined to 0.25 p.c, as in opposition to 0.47 p.c within the previous quarter.
The financial institution’s provisions in This autumn got here in at Rs 945 crore, which is 62 p.c larger sequentially as in opposition to Rs 582 crore reported within the earlier quarter, and 158 p.c larger on-year as in opposition to Rs 365.4 crore recorded in Q4FY22.
Shortly after the quarterly outcomes have been introduced, Financial institution of Maharashtra‘s shares traded larger on the inventory market. On the BSE, it jumped to as excessive as Rs 30.25 at round 3 pm, which was 8.7 p.c larger as in opposition to the day prior to this’s shut.