Annual Report 2013-2014 of Bank of Maharashtra

It is a broadly described annual report of Bank of Maharashtra in the year of 2013-2014. During the financial year, The Bank’s total business reached a level of Rs. 207171.76 Crore as on 31^st March 2014 from Rs. 170734 Crore as on 31^st March 2013, registering a growth of 21.34%. Total deposit increased by Rs. 22466.16 Crore to Rs. 116803.09 Crore as on 31^st March 2014 from Rs. 94336.93 Crore as on 31^st March 2013 recording a growth of 23.81% on Y-o-Y basis. Operating profit for FY 13-14 reached Rs. 2006.37 Crore in comparison to Rs. 2148.71 for FY 12-13 whereas Net profit for FY 13-14 was at Rs. 385.97 Crore as compared to Rs. 759.52 Crore for FY 12-13. Total Income increased by Rs. 2325.42 Crore to Rs. 12850.85 Crore recording growth rate of 22.09% over FY 2012-13.

The Board of Directors of the bank has recommended Rs. 1/- per share (@10%) being interim dividend as final dividend for FY 2013-14.

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