Bank of Maharashtra posted a 36% rise in net profit to Rs 1,406 crore in Q3 FY25, driven by higher interest income of Rs 6,325 crore, up from Rs 5,171 crore a year ago. Gross Non-Performing Assets fell to 1.8%, with a strong Provision Coverage Ratio of 98.28%. The bank also raised Rs 3,500 crore via Qualified Institutional Placements, reducing the government’s stake to 79.6%.
Bank of Maharashtra: Net Profit Jumps 36% to Rs 1,406 Crore
