Bank of Maharashtra is targeting a minimum 50 per cent growth in net profit in the current financial year, a top official of the bank said on Monday.
“We are targeting a minimum 50 per cent growth in net profit (in 2012-13). There will be substantial growth in the profit, we have already reached Rs 306 crore by September 30, 2012,” Bank of Maharashtra Chairman and Managing Director Narendra Singh said. The bank had posted net profit of Rs 430 crore in the previous fiscal ended March 31, 2012. However, non-performing assets remain a concern for the bank.
