PRESS RELEASE
Performance Highlights for the
Quarter Ended June 2013
Date: 2.08.2013
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 Financial
year quarter ended 30th June 2013 by the Board of Directors.
Results at a glance - Q1 of FY 2013-14
Operating Profit for Q1 2013-14 increased to Rs.698.91 crore compared to Rs.440.21 crore for Q1 2012-13 with a growth rate of 58.77% Net Profit for Q1 2013-14 was at Rs.266.33 crore as compared to Rs.140.46 crore for Q12012-13 recording a growth rate of 89.61 %
Total Income increased by Rs.757.01 crore to Rs.2974.31 crore recording growth of34.14% over Q1 2012-13
Interest Spread for Q1 2013-14 increased to Rs.908.02 crores recording a growth rate of39.46% over Q1 2012-13
Net Interest Margin (NIM) increased by 11 bps to 3.02% for Q1 2013-14. Non-Interest Income for Q1 2013-14 jumps to Rs.225.10 crores recording growth of25.89% over Q1 2012-13
Gross NPA ratio reduced by 44 bps to 1.80% as on June 2013 Net NPA ratio reduced by 17 bps to 0.80% as on June 2013 Gross Advances jumped by 43.60% to Rs.83010.44 crore as at 30.06.2013. Total Deposits up by 32.01% to Rs.105446.65 crore as at 30.06.2013 Total Business increased by 36.88 % to Rs.188457.09 crore as at 30.06.2013 Business per Employee stood at Rs.12.97 crore and Profit per employee at Rs.7.33 lakhs for Q1 2013-14 CRAR Basel II at 11.83% as on 30.06.2013 Yield on Advances increased by 11 bps at 11.27% for Q1 2013-14 Cost of Funds reduced from 6.20 to 6.12% for Q1 2013-14 Cost to Income reduced by 864 bps to 38.32% as on 30.06.2013 for Q1 Book Value per Share Rs.71.26 as on 30.06.2013
Head Office: "Lokmangal", 1501, Shivajinagar, Pune - 411 005. www.bankofmaharashtra.in Page 1 of 4
The total business increased by Rs.50772.53 crore from Rs.137684.56 Crore as on 30.06.2012 registering a growth of 36.88% on y-o-y basis.
2. Business per Employee has gone up from Rs.10.14 crore as at 30.06.2012 to Rs.12.97 crore as at 31.03.2013. 3. Business per Branch was Rs.107.32 crore as on 30.06.2013 as against Rs.86.43 crore as at30.06.2012.
4. Deposits: Total Deposits of the Bank increased by Rs.25566.87 crore to Rs.105446.65 crore as on 30.06.2013 from Rs.79879.78 crore as on 30.06.2012 recording a growth of 32.01% on y-o-y basis. The share of Current & Saving (CASA) Deposits to total deposits stood at 35.32% as on 30.06.2013.5. Advances: