Annual Report 2012-2013 of Bank of Maharashtra

It is a broadly described annual report of Bank of Maharashtra in the year of 2012-2013. During the financial year, The Bank’s total business registered growth of 27.88% to Rs. 1,70,734 Crore as at 31^st March 2013 as compared to Rs. 1,33,508 Crore as at 31^st March 2012. Total deposits increased to Rs. 94,337 Crore as on 31^st March 2013 against Rs. 76,529 Crore as on 31^st March 2012 and recorded growth of 23.27%. Operating profit registered a healthy growth of 41.81% and increased to Rs. 2,148.70 Crore for FY13 compared to Rs. 1,515.24 Crore for FY12. Net profit for FY13 was at Rs. 759.52 Crore as compared to Rs. 430.83 Crore for FY12 recording a growth rate of 76.29%. Total Income increased by Rs. 2,670.80 Crore to Rs. 10,525.43 Crore recording growth rate of 34% over FY 2011-12.

The Board of Directors of the bank has proposed a dividend of @ 23% for the year ended 31^st March 2013.

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