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Bank of Maharashtra net down 7%
Public sector lender Bank of Maharashtra reported a 7 per cent drop in net profit to Rs 112 crore for the quarter ended December 2009 against Rs 120.6 crore in the year-ago quarter. Net interest income, or the difference between interest earned and interest paid, grew 5 per cent to Rs 361 crore from Rs 343 crore in the December 2008 quarter. - KVB net profit jumps 28% - JK Bank net profit rises 19% - City Union Bank net up 26.55% - Syndicate Bank net dips 42.6% to Rs 205.72 cr - RCom Q3 Net falls 19% to Rs 1,165 cr - Great Offshore Q3 net dips 14% to Rs 49 cr The biggest fall was in other income, which decreased 32 per cent to Rs 113 crore from Rs 166 crore in the corresponding quarter last year. Provisions grew from Rs 35.1 crore in the December 2008 quarter to Rs 46 crore.Payday loan commented:
They are doing well till now and this little drop in profits doesn’t mean that they are loosing their market indeed they are doing really well and will again climb up
02.08.2011
Quick Loans commented:
This has happened because of the competition they are getting from the other banks as because of this they are not able to trap the market
31.08.2011
compare payday loan commented:
Due to economic crisis all banks were down and in loss.It has impact all over the world.
22.09.2011