Two prominent Indian companies, Bank of Maharashtra and NLC India, are trading ex-dividend today, January 20, 2026, following their respective dividend announcements. The combined dividend payout from both companies totals ₹4.60 per share for eligible shareholders.

Ex-Dividend Date Significance

Today marks the ex-dividend date for both companies, which serves as the critical cutoff point for dividend eligibility. Shareholders who held positions in these stocks before January 20, 2026, will be entitled to receive the declared dividends in their upcoming payouts.

Dividend Distribution Details

The following table summarizes the key information for today's ex-dividend stocks:

Impact on Shareholders

Investors who maintained their shareholding positions before today's ex-dividend date will receive the dividend payments according to the companies' respective payout schedules. The ex-dividend mechanism ensures that only committed shareholders who held their positions before the specified cutoff date benefit from the dividend distribution.

Market Implications

Shares typically trade at adjusted prices on ex-dividend dates to reflect the dividend payout. Both Bank of Maharashtra and NLC India shares will trade reflecting this dividend adjustment, with eligible shareholders set to receive their dividend payments as per the companies' distribution timelines.

Bank of Maharashtra announced exceptional financial results for Q3FY26, reporting its highest-ever quarterly profit of ₹1,779 crores during an earnings conference call held on January 13, 2026. The bank's nine-month net profit exceeded ₹5,000 crores, reaching ₹5,005 crores, demonstrating consistent profitability growth.

Outstanding Performance Across Key Metrics

The bank surpassed all guidance parameters set at the beginning of the fiscal year. Managing Director and CEO Nidhu Saxena highlighted the bank's comprehensive performance across business segments.

Strong Asset Quality and Risk Management

Bank of Maharashtra demonstrated improved asset quality metrics with effective stress management in its loan portfolio.

The bank maintained stress levels above ₹5 crores at just 0.19%, indicating strong risk management practices.

Robust Profitability Metrics

The bank achieved exceptional profitability ratios, significantly exceeding guidance across all parameters.

Retail Segment Growth and Product Performance

The bank's retail segment showed remarkable growth across key verticals, with the RAM (Retail, Agriculture, MSME) to Corporate ratio maintained at 63:37.

Key Retail Growth Drivers:

• Home Loans: 28% year-on-year growth
• Vehicle Loans: 54% year-on-year growth
• Gold Loans: 56% year-on-year growth
• Overall Retail Portfolio: 36% year-on-year growth

The bank's gold loan portfolio reached ₹22,000 crores including co-lending arrangements, with ₹16,500-17,000 crores through direct branches and ₹5,000 crores through co-lending partnerships with NBFCs.

Capital Adequacy and Ratings

Bank of Maharashtra maintained strong capital adequacy with CRAR at 17.06% and CET1 at 13.10%, well above regulatory requirements. The bank achieved significant rating milestones during the year, including a BBB- Stable rating from S&P Global in September 2025, complementing its existing AA+ Stable ratings from ICRA and CARE.

Strategic Initiatives and Expansion

The bank continued its aggressive expansion under Project 321, opening 116 branches during the fiscal year. These branches are strategically located in high-potential centers identified through scientific analysis at PIN code levels. The bank has Board approval to open 1,000 branches over the next five years.

Technology and Digital Enhancement:

• Launched revamped mobile application achieving 6 lakh active users versus 225,000 in the previous version
• Established 9 co-lending partnerships primarily in gold, housing, and MSME segments
• Implemented digital API integration for seamless co-lending operations

Dividend Declaration and Government Stake

Reflecting strong financial performance, the Board approved a 10% interim dividend. Following the government's Offer for Sale (OFS) during the nine-month period, Bank of Maharashtra became MPS-compliant with Government of India holding at 73.60%.

Outlook and Strategic Focus

The bank maintains its guidance of achieving 14% deposit growth for the full fiscal year while focusing on low-cost CASA deposits. Management emphasized conscious strategy to reduce dependence on high-cost bulk deposits, with bulk deposits showing year-on-year degrowth of 7% in the quarter. The bank continues to leverage alternative funding sources, including ₹14,000-15,000 crores of refinance transactions at blended rates of 6-6.5%.