Bank of Maharashtra Q1 profit jumps 47% to 1,293 cr; stock surges 7%
PSU lender reports a 19.63% growth in net interest income (NII), rising to ₹2,799 cr in Q1 FY25 from ₹2,340 cr year-on-year (YoY) in Q1 FY24
PSU lender reports a 19.63% growth in net interest income (NII), rising to ₹2,799 cr in Q1 FY25 from ₹2,340 cr year-on-year (YoY) in Q1 FY24
Punjab National Bank’s Q2 net profit zoomed 327% YoY to ₹1,756 crore, which was the highest in the last 14 quarters.
Betting big on digital, Dinesh Khara has taken India’s biggest lender to dizzying new heights.
This PSU bank share hit a 17-month high of ₹83.25 in intraday today after Acuité Ratings reaffirmed its long term rating of ‘AA’ for the lender's additional tier-1 bonds.
The tenure of CEOs and MDs of public sector banks has been extended to 10 years, subject to superannuation age of 60 years.