Annual Report 2016-2017 of Bank of Maharashtra

It is a broadly described annual report of Bank of Maharashtra in the year of 2016-2017. During the financial year, The Bank’s Total Business stood at Rs. 240590 Crore as on 31^st March 2017 as compared to Rs. 250230 Crore last year. As on 31^st March 2017, total deposits stood at Rs. 1,39,053 Crore & Gross advances stood at Rs. 1,01,537 Crore. Operating profit for the financial year 2016-17, stood at Rs. 1,827 Crore (Rs. 2,345 Crore for the financial year 2015-16). Net loss for the year ended 31^st March 2017 was Rs. 1,373 Crore (as compared to net profit of Rs. 101 Crore for the year ended 31^st March 2016). The total income of the Bank decline from Rs. 14072.27 Crore in FY 2015-16 to Rs. 13570.03 Crore in FY 2016-17.

The Board of Directors of the bank has do not propose any dividend for the FY 2016-17, as the Bank has incurred the loss.

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