Bank of Maharashtra has filed its Annual Report for the Financial Year 2025-26 with the stock exchanges on June 6, 2026, pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Vishal Sethia, Company Secretary & Compliance Officer, and the report is also available on the bank's official website.

Key Financial Performance: FY 2025-26

The bank delivered broad-based growth across business, profitability, and asset quality metrics during FY 2025-26. The following table summarises the key financial highlights:

Efficiency and Asset Quality

The bank's efficiency ratios and asset quality indicators showed consistent improvement during the year. The Cost to Income Ratio improved to 37.08% in FY26 from 38.37% in FY25. Return on Assets (ROA) rose to 1.86% from 1.75%, and Return on Equity (ROE) increased to 23.19% from 22.92%. Total Business per employee improved to ₹41.20 crore in FY26 from ₹37.48 crore in FY25.

Capital Adequacy and Dividend

The bank maintained a robust capital position with a Total Basel III Capital Adequacy Ratio (CRAR) of 18.36% and a Common Equity Tier 1 (CET1) ratio of 14.59% as on March 31, 2026, comfortably exceeding the regulatory requirement of 11.50%. The bank's net worth increased to ₹30,272.42 crore as of March 31, 2026, from ₹25,880.52 crore as of March 31, 2025.

The Board of Directors recommended a final dividend of ₹1.20 per equity share (12%) on the paid-up equity share capital of ₹10 per share for FY 2025-26. This is in addition to the interim dividend of ₹1.00 per equity share (10%) declared on January 13, 2026, and paid during the financial year. The record date for the final dividend was fixed as Friday, June 5, 2026.

Priority Sector and Sectoral Credit Deployment

The bank achieved a Priority Sector Lending (PSL) ratio of 49.50% of Adjusted Net Bank Credit (ANBC), amounting to ₹1,18,374.27 crore of advances (including investments) in FY 2025-26. Key sectoral highlights include:

• Agriculture credit portfolio reached ₹40,212 crore as of March 31, 2026, with a growth of 13% over March 31, 2025
• MSME advances stood at ₹53,547 crore as on March 31, 2026, reflecting a year-on-year growth of 10.71%
• Retail advances grew to ₹85,856.92 crore as of March 31, 2026, from ₹64,852.97 crore as of March 31, 2025
• Housing loans dominated the retail portfolio at approximately 58% of total retail advances, with an outstanding of ₹49,479.39 crore
• Lending to Self Help Groups (SHGs) enhanced by 12% to ₹3,512 crore as on March 31, 2026
• Priority sector loan book stood at ₹1,13,226 crore in FY26 with 18% growth over FY25

Digital Transformation and Network Expansion

The bank mobilised digital business exceeding ₹11,400 crore as of March 31, 2026. Key digital milestones during FY 2025-26 include the launch of the 'Zen Lyfe' mobile banking application on September 24, 2025, implementation of DigiLEAP (Digital Liability Express Account Platform), deployment of TRRACS (Trade Regulatory Reporting and Compliance System), and launch of Central Bank Digital Currency (CBDC). The bank also implemented Robotic Process Automation (RPA) across 120+ processes and has strategically onboarded more than 114 Fintechs.

During FY 2025-26, the bank added 183 new branches, expanding its total network to 2,785 branches and 3,061 banking outlets across 28 states and 8 union territories as of March 31, 2026. The bank also commenced operations at its IFSC Banking Unit (IBU) at GIFT City, Gujarat, effective September 12, 2025, achieving total assets of USD 645 million within six months of operations as of March 31, 2026.

Workforce and ESG Highlights

The bank's total manpower stood at 15,596 employees as of March 31, 2026, with women comprising 29.23% of the workforce. The average employee age was 37 years. On the environmental front, the bank generated 16,28,400 units of electricity through solar panels installed across its premises and focused on e-waste recycling of 316 tonnes in FY26. The bank collectively opened 9.84 lakh Jan Dhan accounts in 2025-26 (including Maharashtra Gramin Bank). The 23rd Annual General Meeting of the bank is scheduled for June 30, 2026.

Bank of Maharashtra has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the stock exchanges. The filing discloses material regulatory actions and outlines the bank's performance in environmental and social governance parameters.

The report reveals that the Reserve Bank of India (RBI) imposed a total monetary penalty of ₹64.30 lakh on the bank during the year. This includes a penalty of ₹31.80 lakh for non-compliance with directions regarding accounts opened using Aadhaar OTP based e-KYC in non face-to-face mode, and a penalty of ₹32.50 lakh for non-compliance with provisions on credit information reporting for Self Help Group members and Know Your Customer norms. No appeals have been preferred against these orders.

On the environmental front, the bank reported significant progress in its green finance initiatives. As of March 31, 2026, the bank's green finance portfolio included ₹174 crore under the Maha Super Green Housing Loan Scheme, ₹368 crore under the Maha Super Green Car Loan Scheme for electric vehicles, and ₹285 crore under the Rooftop Solar Scheme. The bank also mobilised ₹78 crore under green deposits and extended ₹538 crore towards renewable energy finance.

The bank's operations generated 70 metric tonnes of e-waste during FY26, which was entirely recycled. Furthermore, the bank installed solar panels at its Head Office and 24 other premises, generating 16,28,400 units of electricity and resulting in savings of approximately ₹2 crore on electricity costs. The total Scope 1 and Scope 2 greenhouse gas emissions for the year stood at 36,573 metric tonnes of CO2 equivalent.

In terms of social impact, the bank extended ₹40,212 crore to the agriculture sector and ₹1,13,225 crore to the priority sector. Women beneficiaries received ₹26,200 crore under various schemes. The bank contributed ₹3.53 crore towards various social and environmental initiatives under its Corporate Social Responsibility activities. The workforce comprised 15,596 permanent employees, with women constituting 29% of the total staff.

The report was signed by Vishal Sethia, Company Secretary & Compliance Officer, and submitted to the exchanges on June 06, 2026.