Public sector lender Bank of Maharashtra is hopeful of achieving a 25 per cent credit growth along with higher profitability during the current financial year. The bank, which has an advance book of around Rs 40,000 crore as of now, aims to grow it to Rs 60,000 crore by end of March, 2011.
Though overall credit growth in the first half of the year was around 12 per cent, the bank hopes to attain a 25 per cent growth in advances by the end of this fiscal. The bank has already sanctioned around Rs 14,000 crore that will be disbursed shortly. The bank hopes to reduce its gross NPA to less than 3 per cent from present 3.58 and net NPA to 2 per cent from 2.18 per cent by end of this fiscal.
Net interest margin is expected to be around 2.7 per cent from 2.54 per cent for the period-ending September. Though the cost of deposits will increase from 5.24 to 5.30 by March, NIM will be higher on the back of higher yield on advances. The bank is also expected to pose a sound growth in CASA ratio in overall deposit to 41 per cent from 39 per cent as of now. It wants to increase the overall business to Rs 1, 20,000 crore, 20 per cent growth over present Rs 1, 00,000 crore.
| Company Name | CMP |
|---|---|
| SBI | 812.50 |
| Bank Of Baroda | 240.30 |
| Canara Bank | 99.65 |
| PNB | 100.70 |
| Union Bank Of India | 116.60 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
