Bank of Maharashtra reported second quarter standalone net profit surged 71.90% to ₹920 crore as compared with ₹535 crore in the year-earlier period.Net Interest Income (NII) grew 28.88% to ₹2,432 crore from ₹1,887 crore a year earlier. Net revenue (net interest income plus other income) rose 29.73% to ₹3,100 crore from ₹2,389 crore. The cost to income ratio improved to 38.04% as against 38.82% in the year-earlier period.During the quarter, the bank’s total business grew by 22.77% to ₹422,420 crore, total deposits increased by 22.18% to ₹239,298 crore year on year (YoY).Gross advances grew 23.55% to ₹183,122 crore from the year-earlier…
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Bank of Maharashtra Q2 PAT jumps 72% to ₹920 crore
