Bank of Maharashtra (BoM), a state-owned lender, announced a 23% increase in net profit for the March 2025 quarter, reaching Rs 1,493 crore. This growth was fueled by higher interest income and improved asset quality. The bank is based in Pune, India.
Total income for the quarter rose to Rs 7,711 crore, compared to Rs 6,488 crore in the previous year. Interest income specifically increased from Rs 5,467 crore to Rs 6,731 crore during the same period.
The bank's board has proposed a dividend of Rs 1.5 per share, which is 15%, for the fiscal year ending March 31, 2025. Furthermore, Gross Non-Performing Assets (GNPAs) decreased to 1.74% of gross advances, and Net NPAs fell to 0.18%.