BHOPAL, May 4 -- Bank of Maharashtra (BoM) reported a 45 per cent year-on-year (Y-o-Y) jump in 4th quarter (Q4FY24) with net profit at Rs 1,218 crore against Rs 840 crore, buoyed by healthy growth in net interest income and non-interest income, and relatively lower tax provision burden.
The Bank also announced a dividend of Rs 1.40 per equity share of Rs 10 face value for FY24 and approved raising of Rs 7,500 crore capital, including equity issuance, in FY25.
Nidhu Saxena, MD & CEO, said the bank will sustain the profitability and efficiency parameters assiduously built over the last 15 quarters or so even as it has set its sights on turning into a bank of great significance through a notch up in its ranking (by business size) among publi...