Bank of Maharashtra Q3 net doubles to Rs 325 cr on robust NII

Lender plans equity issue of Rs 500-750 cr in current quarter

Bank of Maharashtra

Bank of Maharashtra | Photo: Wikipedia

BS Reporter Mumbai
Bank of Maharashtra posted a 110.7 per cent rise in net profit at Rs 325 crore for the third quarter ended December 2021 (Q3FY22) on robust growth in net interest income.

The net profit was Rs 154 crore in Q3FY21 and Rs 263 crore in the second quarter ended September 2021 (Q2FY22).

The Pune-based lender's stock was trading 2.56 per cent lower at Rs 20.95 per share on BSE.

First Published: Jan 20 2022 | 3:22 PM IST

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