Bank of Maharashtra raises funds worth Rs 1,000 crore via Lower Tier II Bonds

01 Jan 2013 Evaluate

Bank of Maharashtra has raised the funds worth Rs 1,000 crore through issue of Lower Tier II Bonds which was fully subscribed and closed on December 29, 2012.

The bank posted a rise of 65.32% in its net profit at Rs 166.01 crore for the quarter ended September 30, 2012 as compared to Rs 100.42 crore for the same quarter in the previous year. Total income increased by 25.15% at Rs 2434.09 crore for quarter under review as compared to Rs 1945.01 crore for the quarter ended September 30, 2011.

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