New Delhi : Bank of Maharashtra (BoM) on Friday reported narrowing of standalone net loss to Rs 113.51 crore for the quarter ended March 31 as against a net loss of Rs 455.45 crore in the January-March quarter of 2016-17.
In December quarter 2017-18, the bank’s loss stood at Rs 596.70 crore, the bank said in a regulatory filing.
The Pune-headquartered lender is sitting on a huge pile of bad loans with gross non-performing assets (NPAs) at 19.48 per cent of the gross advances at the end of March 2018. Gross NPAs were 16.93 per cent by the end of March 2017.