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Shares of Bank of Maharashtra fell over 2 per cent in early trade after bank posted a net loss of Rs 119.84 crore for the fourth quarter ended March 2016.
Bank of Maharshatra shares were last trading at Rs 29, down 2 per cent over its previous close.
At NSE, shares of the bank plunged by 3.12 per cent to Rs 28.80. State-owned Bank of Maharashtra (BoM) yesterday posted a net loss of Rs 119.84 crore for the fourth quarter ended March 2016 due to rise in bad loans.
The bank had a net profit of Rs 112.72 crore in the January-March quarter of 2014-15 fiscal, BoM said in a statement. Total income of the bank declined to Rs 3,566.68 crore in the January-March quarter, as against Rs 3,598.89 crore in the year-ago period.
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