Dear Client,
As part of our ongoing commitment to ensuring the security of your online trading experience, we would like to inform you of our protocol for addressing any suspicious activities observed on your trading account
Should you notice any irregularities or suspect unauthorized access to your account, we kindly request that you take immediate action by following the steps outlined below:
Send an Email Please send an email to stoptrade@acml.in from your registered email ID. In the email, briefly outline the suspicious activity you have observed.
Phone Call Alternatively, you can call us at 07968101000 Ext: 1 from your registered mobile number. This will enable us to address your concerns promptly.
When contacting us, please ensure you provide the following details:
By providing this information, you enable us to swiftly investigate and take appropriate measures to safeguard your account.
Your security and peace of mind are of utmost importance to us, and we appreciate your cooperation in maintaining the integrity of your trading account.
Net interest income (NII) increased 18.17% YoY to Rs 2,584 crore during the quarter. Net interest margin (NIM) improved to 3.97% as on 31 March 2024 as against 3.78% as of 31 March 2023.
On asset quality front, the bank's gross non-performing assets (NPA) stood at 3,833.05 crore as on 31 March 2024 as against Rs 4,334 crore as on 31 March 2023.
Gross NPA declined to 1.88% as on 31 March 2024 against 2.47% as on 31 March 2023. Net NPA reduced to 0.20% as on 31 March 2024 as compared to 0.25% as on 31 March 2023.
Provision coverage ratio improved to 98.34% as on 31 March 2024 as against 98.28% as on 31 March 2023.
The bank held cumulative COVID-19 contingency provision amounting to 1,200 crore as on 31 March 2024.
Total Basel III capital adequacy ratio improved to 17.38% with common equity tier 1 ratio of 12.50% for as of 31 March 2024.
Return on assets (ROA) & return on equity (ROE) of the bank for the quarter improved to 1.73% and 28.35% from 1.32% and 26.32%, respectively posted in Q4 FY23.
Gross advances grew by 16.3% YoY to Rs 2,03,664 crore as on 31 March 2024 as against Rs 1,75,120 crore as on 31 March 2023. Total deposits stood at Rs 2,70,747 crore on 31 March 2024, up by 15.66% YoY.
As on 31 March 2024, CASA deposits rose 14.25% YoY to Rs 1,42,774 crore while CASA ratio declined to 52.73% as on 31 March 2024 from 53.38% as on 31 March 2023.
On a full year basis, the bank?s net profit increased 55.84% to Rs 4,055.03 on 29.23% rise in total income to Rs 23,492.56 crore in FY24 over FY23.
Meanwhile, the board recommended a final dividend of Rs 1.40 per equity share for the financial year ended 31 March 2024, subject to approval of shareholders.
Further, the bank?s board approved funds raising up to Rs 7,500 crore follow-on public offer (FPO) / rights issue / qualified institutional placement (QIP) issue, preferential issue, ESPS or any other mode through issue of Basel III compliant Tier I and Tier II bonds or such other securities, subject to the necessary approvals.
Bank of Maharashtra is a public sector bank in India. The Government of India held 86.46% stake in the bank as of 31 March 2024.
Powered by Capital Market - Live News