Bank of Maharashtra Q4FY26: NIM 3.95%, GNPA 1.45%, Business ₹6 Lakh Cr
Bank of Maharashtra published its audited Q4FY26 financial results in newspapers on April 22, 2026, pursuant to SEBI regulations. The bank reported strong performance with NIM at 3.95%, total business growth of 17.47% crossing ₹6 lakh crore, advances growth of 21.74%, and maintained excellent asset quality with GNPA at 1.45% and NNPA at 0.13%.

*this image is generated using AI for illustrative purposes only.
Bank of Maharashtra published its audited financial results for the quarter and year ended March 31, 2026, in newspapers on April 22, 2026, pursuant to SEBI Listing Obligations and Disclosure Requirements Regulations 47 & 52. The public sector bank demonstrated robust performance across key operational metrics, with total business crossing ₹6 lakh crore.
Q4FY26 Financial Performance
The bank reported a Net Interest Margin (NIM) of 3.95% for the quarter ended March 31, 2026, while Return on Assets (RoA) stood at 1.97%. The cost-to-income ratio for the quarter was 37.08%, reflecting operational efficiency. Total Income from Operations (Net) for the quarter reached ₹8,693.04 crore.
| Financial Metric | Q4FY26 Achievement |
|---|---|
| NIM (Domestic) | 3.95% |
| RoA (Quarterly) | 1.97% |
| Cost to Income | 37.08% |
| Net Profit (After Tax) | ₹2,014.09 crore |
Business Growth Performance
Bank of Maharashtra achieved strong growth across all major business segments. Total business grew by 17.47%, with advances recording growth of 21.74%. Deposits increased by 14.14%, while CASA deposits maintained a healthy ratio of 52.51%. Retail advances grew by 32.39%, and vehicle loans showed significant expansion at 55.51%.
| Growth Metric | Performance |
|---|---|
| Total Business Growth | 17.47% |
| Advances Growth | 21.74% |
| Deposits Growth | 14.14% |
| CASA Ratio | 52.51% |
| Retail Advances | 32.39% |
| Vehicle Loans | 55.51% |
Asset Quality and Capital Adequacy
The bank maintained strong asset quality indicators with Gross NPA at 1.45% and Net NPA at 0.13%. The Provision Coverage Ratio stood at 98.59%, indicating robust provisioning practices. Net Worth reached ₹30,272.42 crore, while the Debt-Equity Ratio was 0.70.
| Asset Quality Metric | Q4FY26 |
|---|---|
| Gross NPA | 1.45% |
| Net NPA | 0.13% |
| PCR | 98.59% |
| Net Worth | ₹30,272.42 crore |
| Debt-Equity Ratio | 0.70 |
Annual Performance Comparison
For the year ended March 31, 2026, the bank reported Total Income from Operations (Net) of ₹32,822.53 crore compared to ₹28,401.62 crore in the previous year. Net Profit after Tax for the year was ₹7,019.32 crore. Earnings Per Share (EPS) for the year stood at ₹9.13 per share of ₹10 each.
| Particulars | Year Ended 31/03/2026 | Year Ended 31/03/2025 |
|---|---|---|
| Total Income from Operations (Net) | ₹32,822.53 crore | ₹28,401.62 crore |
| Net Profit After Tax | ₹7,019.32 crore | ₹5,519.79 crore |
| EPS (₹10 each) | ₹9.13 | ₹7.48 |
Regulatory Compliance
The bank's audited financial results were published in Financial Express (English Daily) and Punyanagari (Marathi Daily) on April 22, 2026. Company Secretary & Compliance Officer Vishal Sethia confirmed the newspaper publication to BSE and NSE, fulfilling regulatory requirements under SEBI Listing Obligations and Disclosure Requirements Regulations.
How will Bank of Maharashtra's aggressive vehicle loan expansion strategy impact its risk profile amid potential economic slowdown concerns?
What market share gains can the bank achieve in retail banking given its 32.39% retail advances growth outpacing industry averages?
Will the bank's exceptional asset quality metrics be sustainable as it scales up lending operations by over 21% annually?































