Annual Report 2011-2012 of Bank of Maharashtra

It is a broadly described annual report of Bank of Maharashtra in the year of 2011-2012. During the financial year, The Bank’s total business registered growth of 16.77% to Rs. 1,33,508 Crore as at 31^st March 2012 as compared to Rs. 1,14,332 Crore as at 31^st March 2011. Total deposits increased to Rs. 76,529 Crore as on 31^st March 2012 against Rs. 66,845 Crore as on 31^st March 2011 and recorded growth of 14.49%. Total income increased by Rs. 1.760.69 Crore recording growth rate of 28.89% over FY11 and stood at Rs. 7.854.63 Crore for the FY12 as compared to Rs. 6,093.94 Crore for FY11. Operating profit registered a healthy growth of 77.21% and increased to Rs. 1.515.24 Crore for FY12 compared to Rs. 855.03 Crore for FY11. Net profit for FY12 was at Rs. 430.83 Crore as compared to Rs. 330.39 Crore for FY11 recording a growth rate of 30.40%.

The Board of Directors of the bank has proposed a dividend of @ 22% for the year ended 31^st March 2012.

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