Bank of Maharashtra Recruitment for 450 Sub Staff Posts 2017

Bank of Maharashtra has published Advertisement for below mentioned Posts 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

                                 

Posts:

Name of the Post	Total Vacancies	Age Limit	Pay Scale
Part Time Sub Staff on 1/3rd Scale Wages	450	18 to 33 Years	Basic from Rs. 3186.67 (i.e. 1/3rd of Rs. 9560) to Rs. 6181.67 (i.e. 1/3rd of Rs. 18545 + admissible allowances).

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Bank of Maharashtra Q4 result, net loss at Rs455.45 crore

Bank of Maharashtra on Thursday reported a net loss of Rs455.45 crore in the March quarter on steep increase in bad loan provisions.

However, the loss was restricted due to a tax write-back of Rs951.83 crore in the quarter compared to tax paid of Rs19.67 crore a year ago. This was the fifth consecutive quarter when the bank reported a loss. In March 2016, the bank reported a loss of Rs119.84 crore.

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Govt ask 10 public sector bank to cut staff benefits

The government has asked 10 public sector banks (PSB) to curtail employee benefits, including industry-standard pay hikes, if these want to receive any capital.The Centre wants these banks to sign a memorandum of understanding (MoU) with the employees’ unions to get a commitment on this. If the unions agree, benefits such as leave travel concessions and perks could go for a few years till the banks returned to health.

All three Kolkata-based banks — United Bank of India, UCO Bank and Allahabad Bank — have got this diktat. The letter has also gone to Indian Overseas Bank, Vijaya Bank, Bank of India, Central Bank of India, Andhra Bank, Bank of Maharashtra and Dena Bank, sources said.

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Bank of Maharashtra Q3 result, Posts loss of 182.51cr

Bank of Maharashtra on Tuesday posted a loss for the fourth straight quarter as bad loans continued to mount and provisions soared.

The bank reported a loss of Rs182.51 crore in the December quarter, versus a net profit of Rs89.06 crore a year ago.

Net interest income (NII) or the core income a bank earns by giving loans fell 27.7% to Rs702.14 crore from Rs971.43 crore last year. Other income increased 150.11% to Rs552.26 crore from Rs220.81 crore in the same period last year.Provisions and contingencies surged 69.7% to Rs585.41 crore in the quarter from Rs345.01 crore a year ago.

Gross non-performing assets (NPAs) rose 6.8% to Rs15,417.65 crore at the end of the December quarter from Rs14,433.90 crore in the September quarter. On year-on-year basis, it jumped 85.72% from Rs8,301.62 crore.

As a percentage of total loans, gross NPAs stood at 15.08% at the end of the December quarter as compared to 14.08% in the previous quarter and 7.97% in the year ago quarter.Net NPAs were at 10.67% in the December quarter compared to 9.94% in the previous quarter and 5.52% in the same quarter last year.

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Bank of Maharashtra Q2 result, posts loss at Rs337.15 crore on higher provisions

Bank of Maharashtra on Saturday reported a net loss of Rs.337.15 crore for the September quarter due to higher provisions against the bad loans. This was the third consecutive quarter when the bank reported a loss.

The bank reported a net loss of Rs.337.15 crore in the quarter against a net profit of Rs.72.03 crore from a year ago.

Net interest income (NII), or the core income a bank earns by giving loans, fell 12.8% to Rs.844.64 crore in the September quarter from Rs.969.12 crore a year ago.

Other income increased 15.03% to Rs.283.48 crore fromRs.246.45 crore in the year-ago period.

Gross non-performing assets (NPAs) at the bank rose 10.69% to Rs.14,433.90 crore at the end of the September quarter fromRs.13,039.63 crore in the June quarter. On a year-on-year basis, gross NPAs jumped 80.73% from Rs.7,986.34 crore. As a percentage of total loans, gross NPAs stood at 14.08% at the end of the September quarter as compared to 12.64% in the previous quarter and 7.98% in the year-ago period.

Provisions and contingencies fell 15.86% to Rs.708.86 crore in the quarter from Rs.842.50 crore a quarter ago. On a year-on-year basis, provisions jumped 69.19% from Rs.418.98 crore. Net NPAs were at 9.94% in the September quarter compared to 8.73% in the previous quarter and 5.59% in the year-ago period.

Total deposit rose 2.83% from a year ago to Rs.1.30 trillion while total advances rose 0.32% to Rs.9,768 crore.

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Bank of Maharashtra Q1 Result, Loss at Rs 397 cr

Bank of Maharashtra on Friday reported a net loss of Rs.397.40 crore for the June quarter against a net profit of Rs.59.44 crore a year ago.

Four other banks—namely Dena Bank, Central Bank of India, Bank of India, and Allahabad Bank—also reported a net loss on Friday.

Net interest income, or the core income a bank earns by giving loans, declined sharply to Rs.864.49 crore for the June quarter from Rs.1,023.2 crore a year ago.

Gross non-performing assets (NPAs) rose to Rs.13,039.63 crore in the first fiscal quarter from Rs.7,574.86 crore a year ago.

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Bank of Maharashtra books Rs 120 cr loss in Q4

State-owned Bank of Maharashtra on May 12 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. For the entire 2015-16, the bank's net profit slipped to Rs 100.69 crore, compared to Rs 450.69 crore in the previous fiscal.

However, the total income rose to Rs 14,072.27 crore from Rs 13,671.42 crore in 2014-l5. 

As far as asset quality of the bank is concerned, the gross NPAs as a percentage to total advances rose to 9.34 percent from 6.33 percent in the same quarter a year ago.

 Its net NPAs also increased to 6.35 percent, from 4.19 percent at the end of March 2015.

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Bank of Maharashtra Q3 profit jumps 56% to Rs 89 crore

State-owned Bank of Maharashtra today reported a jump of 55.6 percent in its net profit at Rs 89.06 crore for the third quarter ended December 2015. 

The Pune-headquartered public sector lender had made a profit of Rs 57.24 crore in the October-December quarter of financial year 2014-15. 

Total income of the bank increased to Rs 3,475.98 crore during the third quarter of current fiscal, showing a rise of 3.2 percent from Rs 3,366.85 crore in year-ago period, it said in a BSE filing. 

The bank's gross non-performing assets (NPAs) or bad loans soared further to 7.97 percent of the gross advances as of December 2015, up from 6.65 percent during the same period of previous fiscal. Net NPAs too rose to 5.52 percent of the net advances for the quarter under review, from 4.71 percent a year ago. 

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History of Bank of Maharashtra

Bank of Maharashtra is a major public sector bank in India. Government of India holds 81.61% of the total shares.The bank has 15 million customers across the length and breadth of the country served through 1895 branches as of 5 April 2016. It has largest network of branches by any public sector bank in the state of Maharashtra.

The bank was founded by a group of visionaries led by the late V. G. Kale and the late D. K. Sathe and registered as a banking company on 16 September 1935 at Pune.

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