BoM falls after Q4 net loss
BoM falls after Q4 net loss
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Shares of Bank of Maharashtra(BoM) floor over 3 % in early trade on Friday after the bank posted a net loss of Rs 119.84 crore for the fourth quarter ended March 2016.
The day open on a weak note, the stocks of bank further failed 3.3 %  to Rs 28.75 on BSE.

At NSE, shares of the bank charged by 3.12 % to Rs 28.80.

BoM on Thursday  posted a net loss of Rs 119.84 crore for the fourth quarter ended March 2016 due to increase in bad loans.

BoM said in the statement, “The bank had a net profit of Rs 112.72 crore in the January-March quarter of 2014-15 fiscal”

Sum of the overall income of the bank weakened to Rs 3,566.68 crore in the January-March part, as in contradiction of Rs 3,598.89 crore in the year-ago era.

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