Bank of Maharashtra Q1 profit rises 95%

New Delhi: State-owned Bank of Maharashtra (BoM) on Wednesday reported a 95 per cent jump in net profit to Rs 882 crore for the June quarter, helped by a decline in bad loans and improvement in interest income.

The Pune-based lender had posted a net profit of Rs 452 crore in the year-ago period. Total income in the first quarter of the current fiscal rose to Rs 5,417 crore from Rs 3,774 crore in the same period a year ago, BoM said in a regulatory filing.