BANK OF MAHARASHTRA 
By PRESS RELEASE
BoM Net up by 59% in Q3 Posts Net Profit of `501 cr in 9MDate: 22.01.2013
Shri Narendra Singh, Chairman and Managing Director, Bank of Maharashtra, announced the performance highlights of the Bank immediately after the adoption of financial results for Quarter/ Nine Months ended 31st December 2012 by the Board of Directors.
Highlights:Net Profit up 39.81% to `500.53 crore in 9M Net Profit up by 43.18% to `194.06 crore in Q3
Total Business up by 44.48% to reach the level of `1,74,355 crore
Deposits up by 41.97% Advances up by 47.93%
Total Income up by 27.29% to `7,361.55 crore in 9M Total Income up by 34.11% to `2,710.16 crore in Q3
Non-Interest Income up by 15.95% to `173.59 crore in Q3
NIM at 2.93% in 9M
Gross NPAs reduced to 1.71% from 2.06% as at 31.12.11. Net NPA reduced to 0.66% from 0.88% as on 30.09.12.
Results at a glance - 9M, FY 2012-13
Net Profit for Nine Months (9M) ended Dec '12 increased by 39.81% to `500.53 crore as compared to `358.00 crore for 9M ended Dec '11
Operating Profit for 9M ended Dec '12 increased to `1438.10 crore compared to `1265.25 crore for 9M ended Dec '11 with a growth rate of 13.66%
Total Income increased by `1578.13 crore at the rate 27.29% over 9M ended Dec '11
Interest Spread for 9M ended Dec '12 increased to `292.52 crore recording a growth rate of
15.64% over 9M ended Dec '11.
Inspite of adverse economic conditions and pressure on the margins, Net Interest Margin (NIM)
was recorded at 2.93% for 9M ended Dec '12.
The Yield on advances improved to 11.49% as compared to 11.41% for Dec 2011.
The Gross NPA ratio reduced to 1.71% as at December 2012 from 2.06% as at Dec 2011.
Net NPA ratio sequentially came down from 0.88% as at 30.09.2012 to 0.66% as at
31.12.2012.
Business per employee improved to `12.68 Crore from `8.71 cr a year ago.
Head Office: "Lokmangal", 1501, Shivajinagar, Pune - 411 005. www.bankofmaharashtra.in Page 1 of 8
Results at a Glance - Q3, 2012-13
Net Profit for Q3 of FY2012-13 is at `194.06 crore as against `135.54 crore for Q3 of
FY2011-12 registering a growth rate of 43.18%.
Operating Profit for Q3 increased to `525.01 crore as against `425.34 crore for Q3 of
FY2011-12 recording a growth of 23.43%.
Total Income increased by `689.38 crore to `2710.16 crore recording growth rate of
over Dec 11 [Q3]
Net Interest Margin (NIM) for Q3 stood at 2.89%.
The Yield on advances stood at 11.66%.
Performance Highlights:
Business Growth:
a. Total Business: Total Business of the Bank as on 31.12.2012 stood at `174355 crore. The total business increased by `53678 crore (+44.48%) to `174355 crore from `120677 crore on 31.12.2011.b. Deposits: Total Deposits of the Bank increased by `29350.81 crore to `99276.49 crore as on 31.12.2012 from `69925.68 crore as on 31.12.2011 recording a growth of 41.97% on y-o-y basis.
c. Advances:
