Annual Report 2010-2011 of Bank of Maharashtra

It is a broadly described annual report of Bank of Maharashtra in the year of 2010-2011. During the financial year, The Bank’s Total business increased to Rs. 1,14,332 Crore as on 31^st March 2011 from Rs. 1,04,230 Crore recording a growth of 9.69%. Total deposits recorded growth of Rs. 3541 Crore during the year to reach Rs. 66,845 Crore, up by 5.59% over the level of Rs. 63,304 Crore as at the end of March 2010. The total income of the Bank grew to Rs. 6,093.95 Crore from Rs. 5,326.80 Crore depicting revenue growth of 14.40% during the year. Operating profit was increased to Rs. 855 Crore for the year ended 31^st March 2011 from Rs. 815 Crore for the year ended 31^st March 2010 (y-o-y growth of 4.97%). Net profit was Rs. 330.39 Crore for the year as compared to Rs. 439.57 Crore of the previous year.

The Board of Directors of the bank has proposed a dividend of @ 20% for the year ended 31^st March 2011.

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