Bank of Maharashtra (MAHABANK)

Bank of Maharashtra Reports Strong Q4 Results and Receives SEBI Extension - 27 Apr, 2024

Bank of Maharashtra's Q4FY24 net profit surges by 45% YoY, driven by strong growth in core income. The bank also receives a SEBI extension until August 2024 to meet the minimum public shareholding requirement.

Bank of Maharashtra Reports Strong Q4 Results - 26 Apr, 2024

State-owned Bank of Maharashtra reports a 45% YoY increase in net profit for Q4FY24, with GNPA ratio declining to 1.88%. The bank also approves raising capital up to Rs 7,500 crore. Despite market downturns, BoM shares climb nearly 4%, closing 3.65% higher.

Bank of Maharashtra to Release Q4 Results; Appoints New ED - 25 Apr, 2024

Bank of Maharashtra is set to release its Q4 FY24 financial results on April 25, while Mr. Pandey has been appointed as the new Executive Director.

Bank of Maharashtra Reports Strong Q3 FY23-24 Results - 06 Apr, 2024

Bank of Maharashtra's revenue from operations grew by 25.2% YoY to Rs. 5,172 crore in Q3 FY23-24, accompanied by a net profit increase of 33.6% YoY to Rs. 1,038 crore. LIC holds around 4.1% stake in the bank.

Bank of Maharashtra Reports Strong Q4 Results - 05 Apr, 2024

Bank of Maharashtra has reported a strong Q4 with a 16% YoY growth in gross advances and a 15.6% YoY increase in total deposits. The bank's CASA deposits grew by 14.2%, while its asset quality improved to 2.04%. Shares are trading 0.6% higher at ₹66.25.

Bank of Maharashtra Stock Up for Fifth Straight Session - 03 Apr, 2024

Bank of Maharashtra stock is up 0.92% on the day and has seen a 156.73% increase in the last year, outperforming NIFTY and Nifty PSU Bank. The PE ratio stands at 12 based on TTM earnings ending December 23.

Bank of Maharashtra Appoints New CRO - 02 Apr, 2024

Public sector lender Bank of Maharashtra has appointed Subhasish Roy as its new Chief Risk Officer for three years on a contractual basis, effective April 1. The bank reported consolidated net profit of Rs 1,038.40 crore in Q3 FY24 and total income of Rs 5,851.55 crore, up 22.7% YoY.

Bank of Maharashtra Stock Rises as Financial Performance Improves - 01 Apr, 2024

Bank of Maharashtra's strategic focus on bolstering its resource profile has led to significant improvements in its financial performance. The bank aims to expand its branch network and digital presence while maintaining healthy margins and good-quality asset growth. The stock has risen 7.11% in the last month.

Nidhu Saxena Appointed as MD & CEO of Bank of Maharashtra - 31 Mar, 2024

Shri Nidhu Saxena has been appointed as the Managing Director and Chief Executive Officer (MD & CEO) of Bank of Maharashtra, succeeding Shri A.S. Rajeev who was selected as Vigilance Commissioner in Central Vigilance Commission.