Bank of Maharashtra Reports Strong Q4 Performance: Net Profit Soars by 45% to Rs 1,218 Cr; Board Approves Fund Raise of up to Rs 7,500 Cr

Bank of Maharashtra announced a big jump in profits for the last quarter. They made a net profit of Rs 1,218 crore, up 45% from last year. Their shares were up by 2% on the stock market. The bank plans to raise Rs 7,500 crore. Their interest income increased, and bad loans decreased. They also declared a dividend. The bank’s branches increased too.

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