Bank of Maharashtra CC-Dec23.pdf · 2024-01-16
Staff cost as of now as per RBI guidelines is expecting that around 17% increase in the staff cost for the latest bipartite settlement as against 17% I think we have already provided 20 % to 22% provision. In addition to regular provisioning, for the current quarter we have made around Rs. 150 crore provision so that is why we have now last quarter it was not stabilized whether what was the rate of increase expected, that was finalized at 17%. We have not provided that instead of Rs. 75 crore we have made only Rs. 50 crore for the current quarter that is why the small amount of difference has happened.
Out of that 736 amount o ne account was there around Rs. 560 crore one account government then this account was there. Now because of the change in the government there was some delay was there now it is clear and now it is not under SMA-1.