Bank of Maharashtra Q3 Profit Soars 26.5%; Asset Quality Improves

• Bank of Maharashtra reported a 26.5% increase in net profit year-on-year, reaching ₹1,779 crore in Q3.
• Net Interest Income (NII) grew by 16% to ₹3,422 crore compared to the previous year.
• Asset quality improved with Gross NPA decreasing to 1.6% and Net NPA to 0.15%.
• Provisions for the quarter were ₹728.19 crore, a slight decrease from the September quarter.
• Shares are trading 0.9% higher at ₹64.33, near its 52-week high after gaining 40% in 12 months.

Why It Matters: Bank of Maharashtra shows strong Q3 performance with significant profit growth and improved asset quality.