ALSO READBank of Maharashtra reports standalone net loss of Rs 412.20 crore in the June 2017 quarter Bank of Maharashtra mulls raising Rs 2,000 cr RBI initiates PCA against Bank of Maharashtra Maha Bank, Corporation Bank cut MCLR by up to 0.35% Bank stocks down for second day on crop loan waiver concerns
The state-owned lender had posted a loss of Rs 337.15 crore in the same period last fiscal.
During the quarter, gross non-performing assets (NPAs) rose to 15.54 per cent as against 14.08 per cent in the year- ago period.
Net NPAs too moved up to 12.68 per cent from 9.94 per cent earlier.
As a result, provisions for bad loans increased to Rs 835.12 crore, from Rs 656.18 crore in the previous fiscal.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)