The lender reported a complete earnings of Rs 7,879.18 crore for the April-June quarter, a 16% leap from Rs 6,768.76 crore within the corresponding quarter of final fiscal.
The expansion in Q1 internet revenue got here regardless of a decrease different earnings year-on-year. The financial institution reported different earnings of Rs 825.2 crore for the interval beneath assessment, marking a 7.7% drop from Rs 894.08 crore posted in Q1 of the final fiscal.
Curiosity earned by the financial institution rose to Rs 7,054 crore in Q1, up from Rs 5,875 crore within the year-ago interval. In the meantime, the lender’s capital adequacy ratio improved to twenty.06% from 17.04% within the corresponding quarter of FY25.
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Asset high quality for the quarter remained steady on a sequential foundation, with gross NPA unchanged at 1.74% and internet NPA additionally holding regular at 0.18% in comparison with the March quarter.Financial institution of Maharashtra shares rose after the earnings announcement, buying and selling 1.8% larger at Rs 57.08.
