Bank of Maharashtra reported a 19% year-on-year rise in total business to ₹6.51 lakh crore for the quarter ended June 30, 2026. This growth was driven by robust expansion in both deposits and advances, highlighting the bank's continued momentum in credit deployment and deposit mobilisation.

Key Business Highlights

The bank's performance reflects broad-based growth across its primary business segments. The following table summarises the key metrics reported for the period ended June 30, 2026 (provisional):

Deposits and Advances Performance

Total deposits recorded a 13% increase, reaching ₹3.44 lakh crore, indicating sustained traction in the bank's liability franchise. The CASA ratio stood at 49% for the reported period. Advances demonstrated even stronger momentum, with global advances registering a 27% growth to reach ₹3.06 lakh crore. Retail and Agriculture Micro (RAM) advances grew by 25% to ₹1.87 lakh crore, while corporate advances (domestic) increased by 21% to ₹1.11 lakh crore. The robust advances growth contributed significantly to the overall expansion in total business.

Bank of Maharashtra shareholders approved a capital raise of up to ₹7,500 crore and a final dividend of ₹1.20 per share for FY 2025-26 at its 23rd Annual General Meeting (AGM) held on June 30, 2026. The meeting also sanctioned the appointment of Shri Sushanta Kumar Mohanty as Executive Director. The authorization to raise funds aims to meet the Capital to Risk-weighted Assets Ratio (CRAR) requirement under Basel III guidelines through various instruments including equity shares and bonds.

The AGM was chaired by Shri Nidhu Saxena, Managing Director & CEO, in the absence of the Non-Executive Chairman. The proceedings were scrutinized by M/s. S.N. Ananthasubramanian & Co., Company Secretaries, who confirmed that all resolutions were passed with the requisite majority. The remote e-voting process was managed by Central Depository Services (India) Limited (CDSL).

Voting Results

Shareholders voted on four key agenda items, including the adoption of financial statements, dividend declaration, executive appointment, and the capital raise proposal. The voting details are summarized below:

The meeting was attended by 102 members, including an authorized representative of the Government of India. The statutory central auditors and secretarial auditors were also present. The results of the remote e-voting and e-voting conducted during the AGM have been hosted on the Bank's website and the websites of the BSE and NSE.