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Bank of Maharashtra Q3 net profit more than doubles to Rs 325 cr on higher NII growth

State-run Bank of Maharashtras BoM Thursday reported a 110.7 per cent jump in its standalone profit after tax PAT at Rs 325 crore in the quarter ended December 2021 due to higher net interest income NII and improved asset quality.This is the highest-ever quarterly profit reported by the Pune-headquartered lender.In the quarter ended December 2020, the bank had reported a profit after tax of Rs 154 crore.Its Managing Director and CEO A S Rajeev said that the profit during the quarter was driven by a jump in NII.

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