Annual Report 2009-2010 of Bank of Maharashtra

It is a broadly described annual report of Bank of Maharashtra in the year of 2009-2010. During the financial year, The Bank’s Total business increased to Rs. 1,04,230 Crore as on 31^st March 2010 from Rs. 87,072 Crore as on 31^st March 2009, recording a growth of 19.71%. Total Deposits registered a growth of 21.14%, from Rs. 52,255 Crore as on 31^st March 2009 to Rs. 63,304 Crore as on 31^st March 2010. Total income was Rs. 5,326.81 Crore for the year 2009-10 showing a growth of 11.17% over the previous year. Net profit was Rs. 439.58 crore for the year showing a rise of 17.17% over the previous year.

The Board of Directors of the bank has recommended a dividend of Rs. 2.00/- per share (i.e. @20%) for the year 2009-10.

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