New Delhi, July 15 -- State-owned Bank of Maharashtra (BoM) reported a 23 per cent rise in net profit to Rs.1,593 crore for the first quarter, driven by improved interest income and a reduction in bad loans. In the same period last year, the bank had recorded a net profit of Rs.1,293 crore.

According to its regulatory filing, BoM's total income increased to Rs.7,879 crore in the June quarter, up from Rs.6,769 crore a year earlier. Interest income rose to Rs.7,054 crore from Rs.5,875 crore in the corresponding quarter of FY25.

The bank's asset quality also strengthened, with gross non-performing assets (NPAs) falling to 1.74 per cent of gross advances from 1.85 per cent a year ago. Net NPAs declined to 0.18 per cent from 0.20 per cent in...