Shares of state-run Bank of Maharashtra Ltd. declined 4% after the lender reported its second quarter earnings on Tuesday, October 14.

Its net profit increased by 23.2% to ₹1,633 crore from ₹1,327 crore in the previous year.

Its net interest income or core income (NII) grew by 15.7% to ₹3,248 crore from ₹2,807 crore in the year-ago period.

The lender's gross non-performing assets (NPA) increased to ₹4,372 crore from ₹4,206 crore in the previous quarter. In percentage terms, it stood at 1.72% in the September quarter compared to 1.74% in the first quarter.

Bank of Maharashtra's net NPA expanded marginally to ₹442.1 crore from ₹434.4 crore from the previous year. It remained unchanged at 0.18% sequentially in percentage terms.

At the end of the quarter, slippages remained at elevated

See Full Page