- Next results date: the board meets on 26 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹57,933 Cr186th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 10 Jul 2026
- 7.7
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 20 Apr 2026
- 1.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.92%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 10 Jul 2026
- 24.3%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. For the whole group.
- 3.83%
- Gross NPAGross NPA, non-performing loans. Gross non-performing loans as a percentage of all loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is below the net share. At the end of Jun 2026. For the company alone, not its group: the regulator measures it company by company.
- 1.45%
- Net NPANet NPA, non-performing loans. Net non-performing loans as a percentage of loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is above the gross share. At the end of Jun 2026. For the company alone, not its group: the regulator measures it company by company.
- 0.13%
- CET1Common equity tier 1 ratio. The bank's core capital, mostly shareholders' money, as a percentage of its loans and other assets weighted by risk, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the figure is outside what it can be. At the end of Jun 2026. For the company alone, not its group: the regulator measures it company by company.
- 15.56%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. For the whole group.
- 1.76%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,85,10,65250.5% delivered
Bank of Maharashtra share news and announcements
1,221 announcements, routine notices left out, newest first. Page 24 of 25.
May 2009
14 May · Dividend
Board, at its meeting held on May 14, 2009 has recommended a dividend of 15% (Rs. 1.50 per Equity Share) for the year 2008-09.5 May · Board meeting
Inter alia; (1) To consider and to take on record the audited financial results for the year ended March 31, 2009 and to recommend dividend, if any; (2) To convene the Annual General Meeting of the Bank, and; (3) To fix the dates for book closure.
Apr 2009
20 Apr · Results
Audited financial results for the year ended March 31, 2009 to the stock exchanges concerned within a period of 3 months from the end of the last quarter . In this connection the company will not submit the unaudited financial results for the quarter ended March 31, 2009.
Feb 2009
4 Feb · Limited Review Report
Auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31,2008.A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jan 2009
28 Jan · Results
Standalone Results for the quarter ended on 31-DEC-2008 as follows: Interest earned of Rs. 112658 lacs for the quarter ending on 31-DEC-2008 against Rs. 90570 lacs for the quarter ending on 31-DEC-2007. Interest expended of Rs. 78309 lacs for the quarter ending on 31-DEC-2008 against Rs. 60509 lacs for the quarter ending on 31-DEC-2007. Net Profit / (Loss) of Rs. 12066 lacs for the quarter ending on 31-DEC-2008 against Rs. 10038 lacs for the quarter ending on 31-DEC-2007.19 Jan · Board meeting
Meeting on 28 Jan 2009: “Unaudited Financial Results for the qtr ended Dec 31, 2008”6 Jan · Management
In terms of guidelines of the RBI issued vide letter DBS.ARS.No.6620/08.04.003/2008-09 dated December 1, 2008, the Bank has appointed following five Chartered Accountants firms as Statutory Central Auditors (SCAs) of the Bank for the year 2008-09: (1) M/S. C.R. Sagdeo & Co., Nagpur; (2) M/S. Shah Baheti Chandak & Co., Nagpur; (3) M/S Wahi & Gupta, New Delhi; (4) M/S. V.C. Gautam & Co., New Delhi; (5) M/S. B. Chhawchharia & Co., Kolkata. The appointment of M/S. B. Chhawchharia & Co., Kolkata is made in place of M/S. S. K. Mehta and Co., whose term was completed. The other auditors are reappointed for continuing as SCAs for the year 2008-09
Nov 2008
14 Nov · Limited Review Report
Auditor's have conducted the limited review of the unaudited financial results for the quarter/half-year ended September 30, 2008. The details of the limited review report shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Oct 2008
24 Oct · Results
Standalone Results for the half year ended on 30-SEP-2008 as follows: Interest earned of Rs. 205083 lacs for the half year ending on 30-SEP-2008 against Rs. 166974 lacs for the half year ending on 30-SEP-2007. Interest expended of Rs. 142256 lacs for the half year ending on 30-SEP-2008 against Rs. 107041 lacs for the half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 11718 lacs for the half year ending on 30-SEP-2008 against Rs. 17203 lacs for the half year ending on 30-SEP-2007.24 Oct · Results
Standalone Results for the quarter ended on 30-SEP-2008 as follows: Interest earned of Rs. 107413 lacs for the quarter ending on 30-SEP-2008 against Rs. 85103 lacs for the quarter ending on 30-SEP-2007. Interest expended of Rs. 74138 lacs for the quarter ending on 30-SEP-2008 against Rs. 55817 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 7055 lacs for the quarter ending on 30-SEP-2008 against Rs. 9045 lacs for the quarter ending on 30-SEP-2007.18 Oct · Management
Shri. Abdul Ali Azizi, Nominee Director of the Bank ceased to be director on the Board of the Bank w.e.f. Sept 14, 2008, on expiry of his tenure16 Oct · Management
Vide its letter dated October 15, 2008 that "In exercise of the powers conferred by clause (a) sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 read with sub-clause (1) of clause (3), sub-clause (1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970, the Government of India, Ministry of Finance, Department of Economics Affairs after consultation with the Reserve Bank of India vide their notification F.No-9/16/2008-Bo-I dated 15th October, 2008 has appointed Shri. M.G. Sanghvi as Executive Director of the Bank from the date of his taking over charge and upto 30.06.2013, i.e. the date of his superannuation or until further orders whichever is earlier. Shri M.G. Sanghvi has taken over as the Executive Director of the Bank today".15 Oct · Board meeting
Inter-alia to consider and take on record the unaudited (Reviewed) financial results of the Bank for the Quarter ended September 30, 2008.
Jul 2008
31 Jul · Limited Review Report
Auditor's have conducted the limited review of the Unaudited financial results for the quarter ended June 30, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.29 Jul · Results
Standalone Results for the quarter ended on 30-JUN-2008 as follows: Interest earned of Rs. 99839 lacs for the quarter ending on 30-JUN-2008 against Rs. 81871 lacs for the quarter ending on 30-JUN-2007. Interest expended of Rs. 68118 lacs for the quarter ending on 30-JUN-2008 against Rs. 51224 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 4663 lacs for the quarter ending on 30-JUN-2008 against Rs. 8158 lacs for the quarter ending on 30-JUN-2007.21 Jul · Board meeting
Inter-alia to consider and take on record the unaudited (reviewed) financial results of the Bank for the Quarter ended June 30, 2008.15 Jul · Updates
In exercise of the powers conferred by clause (g) sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 read with sub-clause (b) of clause 9(2) of the Nationalised Bank (Management and Miscellaneous Provisions) Scheme, 1970, the Government of India, Ministry of Finance, Department of Financial Services, vide their notification F.No-9/30/2004-Bo-I dated July 10, 2008 has nominated Shri. S.H. Kocheta, as part-time non-official director on the Bank's Board under Chartered Accountant category with immediate effect. He has been appointed for a period of three years from the date of notification and / or until further orders, whichever is earlier14 Jul · Change of address of Registrar & Share Transfer Agent
Office of our Registrar & Transfer Agents (RTA) has been shifted to following address w.e.f. 14.07.2008: MCS Limited, Unit: Bank of Maharashtra, office No.21/22, Ground Floor, Kashiram Jamnadas Building; 5, P.D. Mello Road, (Ghadiyal Godi), Masjid, Mumbai- 400 009.Phone No:(022) 23726152/23726256.Fax No: (022) 237262561 Jul · Management
Shri Rajiv Madhok, Executive Director of the Bank demitted the office on June 30, 2008 on attaining superannuation.
Jun 2008
25 Jun · Management
In exercise of the power conferred by clause (b) sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of clause (3) of the Nationalised Bank (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Government of India, Ministry of Finance, Department of Financial Services, vide their notification F.No-9/7/2007-Bo-I dated June 10, 2008 has nominated Shri. V.P. Bhardwaj (Director, Department of Financial Services) as director with immediate effect and until further orders. The above nomination is made in place of existing Director Smt. Sukriti Likhi.20 Jun · Management
Vides it letter dated June 04, 2008 that: " In exercise of the powers conferred by clause (a) of subsection (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act,1970/1980 read with sub-clause (1) of clause (3), clause (5), clause (6), clause (7) and subclause (1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Government of India, Ministry of Finance, Department of Economic Affairs vide their notification F.No-9/18/2007-Bo-I dated 4th June 2008 has appointed Shri. Alien C.A. Pereira as Chairman and Managing Director from the Date of taking charge and till 30.09.2010, i.e. the date of his superannuation or until further orders whichever is earlier. Shri Allien C.A. Pereira has taken over the charge of the Bank today".9 Jun · Meeting
Annual General Meeting was held as scheduled on June 09, 2008. Further, the Bank has submitted to the Exchange a copy of the proceedings of the said Meeting. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.5 Jun · Management
Vide its letter dated June 04, 2008 that: "In exercise of the powers conferred by clause (a) of subsection (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act,1970/1980 read with sub-clause (1) of clause (3), clause (5), clause (6), clause (7) and sub-clause (1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Government of India, Ministry of Finance, Department of Economic Affairs vide their notification F.No-9/18/2007- Bo-I dated 4th June 2008 has appointed Shri.Allen C.A. Pereira as Chairman and Managing Director from the date of taking charge and till 30.09.2010, i.e. the date of his superannuation or until further orders whichever is earlier. Shri Allen CA. Pereira has taken over the charge of the Bank today".
May 2008
28 May · Dividend
Dividend recommended by the Board of Directors at their meeting held on April 30, 2008 would be paid subject to approval by the shareholders in the Annual General Meeting scheduled on June 09, 2008. The mailing of dividend warrants dated June 18, 2008 would commence on June 14, 2008. Dividend amount would be credited on June 18, 2008 to the account of those shareholders who have opted for payment by way of ECS.9 May · Management
Pursuant to the notification issued by Government of India, Ministry of Finance, Department of Financial Services under section 9(3) (a) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, Shri.M.D.Mallya, Chairman and Managing Director of our Bank has been appointed as Chairman and Managing Director of Bank of Baroda. Shri M.D. Mallya has demitted the office of Chairman and Managing Director of our Bank on 07.05.086 May · Management
Auditor's report in respect of the audited financial results for the quarter/year ended March 31, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.5 May · Meeting
Board of Directors of the Bank have, at their meeting held on April 30, 2008, decided to convene the Annual General Meeting of the Bank on June 09, 2008. The Bank has further informed that it has been decided by the Board to fix the Book Closure from May 31, 2008 to June 09, 2008 (both the days inclusive) for the purpose of ascertaining the entitlement for payment of dividend for the year ended March 31, 2008.
Apr 2008
30 Apr · Dividend
Board of Directors of the Bank at its meeting held on April 30, 2008 has recommended dividend of 20% for the year ended March 31, 2008.30 Apr · Results
Standalone Results for the quarter ended on 31-MAR-2008 as follows: Interest earned of Rs. 96514 lacs for the quarter ending on 31-MAR-2008 against Rs. 77939 lacs for the quarter ending on 31-MAR-2007. Interest expended of Rs. 63629 lacs for the quarter ending on 31-MAR-2008 against Rs. 46524 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 5599 lacs for the quarter ending on 31-MAR-2008 against Rs. 7527 lacs for the quarter ending on 31-MAR-2007.30 Apr · Results
Standalone Results for the year ended on 31-MAR-2008 as follows: Interest earned of Rs. 354058 lacs for the year ending on 31-MAR-2008 against Rs. 272203 lacs for the year ending on 31-MAR-2007. Interest expended of Rs. 231179 lacs for the year ending on 31-MAR-2008 against Rs. 162784 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 32839 lacs for the year ending on 31-MAR-2008 against Rs. 27184 lacs for the year ending on 31-MAR-2007.30 Apr · Results
Consolidated Results for the year ended on 31-MAR-2008 as follows: Interest earned of Rs. 354059 lacs for the year ending on 31-MAR-2008 against Rs. 272208 lacs for the year ending on 31-MAR-2007. Interest expended of Rs. 231161 lacs for the year ending on 31-MAR-2008 against Rs. 162767 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 32976 lacs for the year ending on 31-MAR-2008 against Rs. 27289 lacs for the year ending on 31-MAR-2007.22 Apr · Board meeting
Inter-alia 1) To consider and to take on record the audited financial results for the year ended March 31, 2008 and to recommend dividend, if any. 2) To convene the Annual General Meeting of the Bank and 3) To fix the dates for book closure.2 Apr · Updates
Bank Of Maharashtra had informed the Exchange regarding the decision to establish General Insurance Joint Venture in partnership with Shriram Financial Services Holdings P Ltd, Chennai and Sanlam Ltd of South Africa. The Bank has now informed the Exchange that " The terms of the joint venture could not be finalized as per the requirements and hence we have opted out of the said Joint Venture."2 Apr · Updates
We have decided to enter into corporate agency arrangement with Export Credit Guarantee Corporation of India Ltd (ECGC) for distribution of ECGC policies. The policies offer insurance cover to the exporters
Mar 2008
31 Mar · Management
In exercise of the powers conferred by clause (f) sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of clause (2) of clause 9 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Government of India, Ministry of Finance, Department of Financial Services, after consultation with the Reserve Bank of India, vide their notification F.No.-9/61/2004-Bo-I dated 17th March 2008 has nominated Dr. Sunil Uddhavrao Deshpande, Senior Manager (Scale III) and Senior Faculty at the Staff Training Centre of the Pune, as Officer Employee Director on the Board of Directors of Bank of Maharashtra. The above nomination is made in place of outgoing Director Shri. P.N. Deshpande. He is appointed for a period of three years from the date of the notification or till he ceases to be an officer of the Bank of Maharashtra or until further orders, whichever is the earliest, subject to the final order in the Writ Petition No. 5394 of 2001 filed by the Bank of Maharashtra Officers' Association before the Mumbai High Court.31 Mar · Business
In terms of Government of India notification No:1/4/2006-RRB dated 25th March 2008 Aurangabad Jalna Gramin Bank (AJGB) and Thane Gramin Bank (TGB) sponsored by Bank of Maharashtra have been amalgamated to form a new Regional Rural Bank (RRB) viz. Maharashtra Godavari Gramin Bank (MGGB). The Head office of New Bank would be at Aurangabad with area of operation in nine districts of Maharashtra State viz. Aurangabad, Jalna, Ahmednagar, Jalgaon, Raigad, Thane, Nasik, Dhule and Nandurbar. MGGB is having 76 branches which are fully computerized with total business of Rs.925.52 crores
Feb 2008
2 Feb · Management
Vide its letter dated January 31, 2008 that: "In exercise of the powers conferred by sub-section 3(h) and (3-A) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings). Act,1970/1980 read with sub-clause (1) of clause (3) of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division) vide their notification F.No-9/22/2006-Bo-I dated 23rd January 2008 has nominated Shri.Chittaranjan Patwari, as part-time non-official director with immediate effect. He is appointed for a period of three years from the date of notification or until further orders, whichever is earlier".1 Feb · Meeting
Bank Of Maharashtra had informed the Exchange regarding Extraordinary General Meeting for election of shareholders Directors from among the shareholders other than the Central Government. The Company had also submitted a copy of notice dated December 18, 2007 sent to the shareholders in this regard. The Company has now informed the Exchange that pursuant to the Notice dated December 18, 2007 convening the Extraordinary General Meeting of the Bank and in terms of Section 9(3)(i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, as against Two vacancies of Directors from amongst shareholders of the Bank other than the Central Government, the Bank received the following Two valid nominations for election. (1) Shri. Anand Kamalnayan Pandit. (2) Dr. Dinesh Shantilal Patel. In terms of Regulation 66 of the Bank of Maharashtra (Shares and Meetings) Regulations, 2004, as there are only two valid nominations for the two vacancies to be filled in by election, the candidates nominated as above are deemed to have been elected and thus the Extraordinary General Meeting of the Shareholders of the Bank convened on February 13, 2008 for the purpose of the aforesaid election stands CANCELLED.In terms of Clause 9 of Nationalised Banks (Management and Miscellaneous Provisions) Scheme 1970 read with the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 the above Directors shall be deemed to have assumed office from February 01, 2008 and their term of office will be for a period of three years upto January 31, 2011.
Jan 2008
24 Jan · Limited Review Report
Auditor's have conducted the limited review of the unaudited financial results for the quarter/nine months period ended December 31, 2007. The details of the limited review report shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.23 Jan · Results
Standalone Results for the quarter ended on 31-DEC-2007 as follows: Interest earned of Rs. 90570 lacs for the quarter ending on 31-DEC-2007 against Rs. 65051 lacs for the quarter ending on 31-DEC-2006. Interest expended of Rs. 60509 lacs for the quarter ending on 31-DEC-2007 against Rs. 41064 lacs for the quarter ending on 31-DEC-2006. Net Profit / (Loss) of Rs. 10038 lacs for the quarter ending on 31-DEC-2007 against Rs. 7432 lacs for the quarter ending on 31-DEC-2006.16 Jan · Meeting
Notice of Extraordinary General Meeting schedule to be held on February 13, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.12 Jan · Board meeting
To inter-alia Consider and take on record the unaudited (reviewed) financial results of the Bank for the quarter ended December 31, 2007.12 Jan · Updates
Bank has decided to issue Unsecured, Non-convertible Redeemable Subordinated Tier II Bonds in the nature of Promissory Notes to the extent of Rs.200 crore to augment bank's Capital Adequacy requirements. The bonds will carry coupon rate of 9.20% p.a. for a period of 123 months. The issue opens on January 11, 2008 ; closes on January 14, 2008 and the deemed date of allotment is January 15, 2008. The Bank has now informed the Exchange that: "The Issue of Tier II Bonds of Rs. 200 crore was fully subscribed and closed on 11.01.2008".11 Jan · Issue of bonds
Our bank has decided to issue Unsecured, Non-convertible Redeemable Subordinated Tier II Bonds in the nature of Promissory Notes to the extent of Rs.200 crore to augment our Capital Adequacy requirements. The bonds will carry coupon rate of 9.20% p.a. for a period of 123 months. The issue opens on January 11, 2008 ; closes on January 14, 2008 and the deemed date of allotment is January 15, 2008
Dec 2007
18 Dec · Meeting
Vide its letter dated December 18, 2007 that the Board of Directors of the Bank, at their meeting held on December 17, 2007, have decided to convene an Extraordinary General Meeting of the shareholders of the Bank on February 13, 2008 for Election of Shareholder Directors from amongst shareholders other than the Central Government in place of retiring Shareholder Directors. Further, in pursuant to Section 9(3) (i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, there would be two vacancies on Board after January 07, 2008. The Record Date for the purpose of ascertaining the shareholders who would be entitled to participate in the said election has been fixed as January 04, 2008.3 Dec · Memorandum of Understanding
Vide its letter dated December 01, 2007 that : "As per RBI Guidelines on implementation of New Capital Adequacy Framework Basel II dated 27.04.2007 under Standardized Approach, Reserve Bank of India advised banks to assign risk weight on claims on corporate as per rating assigned to the corporate by approved external agencies. We wish to inform you that our Bank has entered into Memorandum of Understanding (MoU) with all the four Credit Rating Agencies registered with Securities and Exchange Board of India (SEBI) and approved by Reserve Bank of India viz. CARE, CRISIL, FITCH RATINGS INDIA PVT. LTD and ICRA.
Nov 2007
22 Nov · Limited Review Report
Auditor's have conducted the limited review of the unaudited financial results for the quarter ended September 30, 2007 and found the same to be in order subject to certain observations. The auditor's observations are : (1) Effect on the accounts, of balancing in subsidiary ledgers in respect of certain accounts like deposits, advances, suspense, sundry suspense, clearing differences, other assets/liabilities etc. with General Ledger which is incomplete in a few branches/offices and inter branch accounts and inter branch transfer of fixed assets entries under reconciliation pending to be passed, is not ascertainable; (2) Capital adequacy ratio, as worked out by the Bank based on data compiled by them, and earning per share are subject to the effect of observations in para (1) above, and (3) The bank has made provision for employees' benefit for half year ended September 30, 2007 on estimate basis. However effect, if any, of Revised Accounting Standard 15 issued by ICAI on retirement benefit of the employees is yet to be ascertained.22 Nov · Nomination of Director
In exercise of the powers conferred by sub-section 3(h) and (3-A) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings). Act, 1970/1980 read with sub-clause (1) of clause (3) of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division) vide their notification F.No-9/22/2006-Bo-I dated 13th Nov 2007 has nominated Shri.T. Parameswara Rao as part-time non-official director with immediate effect. He is appointed for a period of three years from the date of notification or until further orders, whichever is earlier.
Oct 2007
24 Oct · Results
Standalone Results for the half year ended on 30-SEP-2007 as follows: Interest earned of Rs. 166974 lacs for the half year ending on 30-SEP-2007 against Rs. 120713 lacs for the half year ending on 30-SEP-2006. Interest expended of Rs. 107041 lacs for the half year ending on 30-SEP-2007 against Rs. 75196 lacs for the half year ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 17203 lacs for the half year ending on 30-SEP-2007 against Rs. 12225 lacs for the half year ending on 30-SEP-2006.24 Oct · Results
Standalone Results for the quarter ended on 30-SEP-2007 as follows: Interest earned of Rs. 85103 lacs for the quarter ending on 30-SEP-2007 against Rs. 61383 lacs for the quarter ending on 30-SEP-2006. Interest expended of Rs. 55817 lacs for the quarter ending on 30-SEP-2007 against Rs. 39148 lacs for the quarter ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 9045 lacs for the quarter ending on 30-SEP-2007 against Rs. 6129 lacs for the quarter ending on 30-SEP-2006.