Bank of Maharashtra has announced an interim dividend of ₹1.00 per share for the financial year 2025-26, marking a significant return to shareholders. The bank's Board of Directors approved this dividend declaration during their meeting held on January 13, 2026.

Dividend Details

The interim dividend represents 10% on the bank's equity shares, calculated on the face value of ₹10.00 per share. This translates to a payout of ₹1.00 per share for eligible shareholders.

Record Date and Eligibility

The bank has set Tuesday, January 20, 2026, as the record date for determining shareholder eligibility. Only shareholders whose names appear in the company's records on this date will be entitled to receive the interim dividend.

Regulatory Compliance

The dividend announcement was made in compliance with Regulation 42 of the Securities and Exchange Board of India (SEBI) regulations. The bank formally communicated this decision to both major stock exchanges where its shares are listed.

The official intimation was sent to BSE Limited (Scrip Code: 532525) and the National Stock Exchange of India Limited (Scrip Code: MAHABANK) on January 13, 2026. The communication was signed by Vishal Sethia, Company Secretary and Compliance Officer of Bank of Maharashtra.

This interim dividend declaration demonstrates the bank's commitment to rewarding shareholders while maintaining regulatory compliance and transparent communication with all stakeholders.

Bank of Maharashtra delivered impressive financial performance in Q3FY26, reporting a substantial 26.51% increase in net profit to ₹1,779 crore compared to ₹1,406 crore in the corresponding quarter of the previous year. The bank's strong operational efficiency and business growth momentum contributed to this robust performance across key financial metrics.

Financial Performance Highlights

The bank's quarterly financial results demonstrate strong operational performance across multiple parameters:

Net Interest Income grew by 16.27% to ₹3,422 crore, while operating profit increased by 18.78% to ₹2,736 crore. The bank's net revenues, comprising net interest income plus other income, improved by 16.73% to ₹4,355 crore compared to ₹3,731 crore in Q3FY25.

Business Growth and Expansion

Bank of Maharashtra achieved significant business expansion during the quarter:

The bank maintained a healthy CASA ratio of 49.54% of total deposits. Retail advances showed particularly strong growth of 36.40% year-on-year, while the RAM (Retail, Agriculture & MSME) business segment grew by 20.26%.

Asset Quality and Risk Management

Asset quality metrics showed substantial improvement across all key indicators:

The bank continues to hold cumulative Covid-19 provisions of ₹1,200 crore as of December 31, 2025, demonstrating prudent risk management practices.

Profitability and Efficiency Ratios

Key profitability and operational efficiency metrics showed marked improvement:

• Return on Assets (ROA): Improved to 1.86% in Q3FY26 from 1.78% in Q3FY25
• Return on Equity (ROE): Enhanced to 23.79% from 22.36% year-on-year
• Cost to Income Ratio: Improved to 37.19% from 38.27% in Q3FY25
• Domestic Net Interest Margin (NIM): Maintained at 3.87%

Capital Adequacy and Dividend Declaration

The bank maintained strong capital adequacy with a Total Basel III Capital Adequacy Ratio of 17.06%, including a Common Equity Tier 1 (CET1) ratio of 13.10% and Tier I capital ratio of 13.95%. The Board of Directors approved an interim dividend of 10% (₹1.00 per equity share of face value ₹10) for Financial Year 2025-26, which falls within the permissible limits set by the Reserve Bank of India.

For the nine months ended December 31, 2025, Bank of Maharashtra reported net profit growth of ₹979 crore to ₹5,005 crore compared to ₹4,027 crore in the corresponding period of the previous year, reflecting sustained performance momentum throughout the fiscal year.