Bank of Maharashtra net up 20% y-o-y to Rs 121 cr

Public sector enterprise Bank of Maharashtra posted a net profit of Rs 120.66 crore during the quarter ended December 31, 2008, which reflects a rise of 20.2 per cent over net profit of Rs 100.38 crore recorded during the corresponding quarter of the previous financial year.

The bank's income rose to Rs 1,292.6 crore during the quarter, which is up 31.09 per cent over revenues worth Rs 985.97 crore posted during the same period last year, the bank said in a filing to the Bombay Stock Exchange (BSE).

The operating profit of the Pune-based bank also increased by 32.95 per cent to Rs 229.34 crore on a year-on-year basis.