MUMBAI:
Bank of Maharashtra, a leading public sector bank having corporate office from Pune has recorded a net profit of Rs.550 Crores for the year ended 2021 as against Rs. 389 crores the previous year showing growth of 42%.
The Bank has started expending its network throughout South India and aims for opening 18 new branches shortly in this region. The bank published its financial year ended results on 29.04.2021. Total Business stood at Rs.281659 Crores with business mix compromising of Deposit Rs.174006 Crores, and Advances of Rs.107654 Crores. The Net NPA declined to 2.48 %. It records overall growth of 42% . The CASA stood at 54 % which is one of the best feature of the Bank.
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