Bank of Maharashtra posts Rs 23-cr loss

Bank of Maharashtra posted a net loss of Rs 23 crore for the September quarter against Rs 337 crore a year-ago quarter.  Gross non performing assets ratio stood at 18.54  per cent, against 14.08 per cent in Q2FY17. Net interest margin for the quarter improved sequentially to 2.64 per cent.

Total deposits were at Rs 1,35,097 crore and gross advances were at Rs 92,965 crore as of September 30, 2017. The bank’s total Capital Adequacy Ratio (CAR) was at 11.28 per cent as of September 30, 2017.