 "Bank of Maharashtra")
State-run Bank of Maharashtra on Monday reported a net profit of Rs 135 crore in the quarter ended December against a net loss of Rs 3,764 crore in the year-ago period.
On quarter-on-quarter basis, the lender had reported a net profit of Rs 115 crore.
"Net profit increased to Rs 135 crore in the quarter supported by an increase in net interest income, robust recovery and control on expenses," the bank said in a statement.
Net interest income (NII) rose 36 per cent to Rs 1,186 crore.
Net interest margins (NIM) stood at 2.86 per cent compared to 2.41 per cent in the year-ago
