Fresh slippages were at Rs 942 crore as against Rs 1,085 crore. Capital adequacy ratio under Basel III stood at 13.52 per cent as compared to 11.86 per cent.Net advances rose 5.09 per cent to Rs 86,872 crore as against Rs 82,666 crore.»In terms of RBI circular dated April 17, the bank has made provision of Rs 150 crore in FY20 towards COVID 19 Regulatory Package Provision as against required provision at the rate of 5 per cent that is Rs 38 crore,» it said.For the entire financial year 2019 20, Bank of Maharashtra earned net profit of Rs 389 crore as against loss of Rs 4,783 crore in the previous fiscal.Net Interest Margin of the bank improved to 2.60 per cent in 2019 20 as compared to 2.53 per cent in 2018 19. During the year, the business, a mix of total deposit and advances, increased to Rs 2,44,955 crore from Rs 2,34,117 crore in 2018 19.As per the RBI direction, the bank has not announced dividend despite posting profit for 2019 20.The past several weeks have witnessed the country battling an unprecedented crisis on account of COVID 19 pandemic, it said, adding, the Bank was quick to recognize the gravity of the situation and took various supportive measures for the welfare of the customers and employees..
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