Bank of Maharashtra turns black in Q4
30th Apr 2019

Bank of Maharashtra has reported results for the fourth quarter and year ended March 31, 2019. 

The bank has reported a net profit at Rs 72.38 crore for the quarter ended March 31, 2019 against net loss of Rs 113.51 crore for the same quarter in the previous year. Total income of the bank increased marginally by 2.14% at Rs 3,160.79 crore for quarter under review as compared to Rs 3094.46 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the bank has posted a net loss of Rs 4,783.88 crore as compared to net loss of Rs 1,145.65 crore for the previous year. Total income of bank decreased marginally by 1.63% at Rs 12,397.06 crore for year under review as compared to Rs 12,602.47 crore for year ended March 31, 2018.