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Public sector lender Bank of Maharashtra on April 26 reported a net profit of Rs 1,218 crore for fiscal fourth quarter, a 45 percent jump from the year-ago period.
The bank had reported net profit of Rs 840 crore last year.
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At 1330 hours on April 25, the lender’s shares on BSE were trading nearly 2 percent higher at Rs 66.45 apiece.
The PSU lender also said that its board approved the proposal to raise up to Rs 7,500 crore through various modes.
“Board approved…
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