Bank of Maharashtra Q3 net up 34% at ₹1,036 crore

Bank of Maharashtra, one of India's leading banks, has announced impressive financial results for the December quarter. The bank's net profit soared to Rs 1,036 crore, a significant increase of 34% compared to the same period last year when it was Rs 775 crore. This remarkable growth can be attributed to a 20% surge in total advances, which reached Rs 1.85 lakh crore, up from Rs 1.53 lakh crore in December 2022. Additionally, deposits witnessed a substantial increase of 17.9%, totaling Rs 2.5 lakh crore.

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