Bank of Maharashtra has paid the annual interest of ₹62.05 crore on its Basel III Additional Tier I Bonds. The payment was made on September 8, 2026, for the bond series with ISIN INE457A08118.

The bank confirmed the transaction in a communication to stock exchanges, citing compliance with Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. The interest payout corresponds to the outstanding issue size of ₹710 crore.

Payment Details

The bank settled the interest obligation on the due date without delay. The record date for the interest payment was August 24, 2026. The previous interest payment for this bond series was made on September 8, 2025.

Regulatory Compliance

Vishal Sethia, Company Secretary and Compliance Officer at Bank of Maharashtra, signed the disclosure. A copy of the communication was marked to SBICAP Trustee Company Limited, which serves as the Debenture Trustee for the subject bonds. The bank reported no reasons for non-payment or delay in this filing.

Bank of Maharashtra bank of maharashtra reported a 27% year-on-year increase in net profit to ₹20.20 billion for the quarter ended June 2026, driven by higher interest income and controlled operating costs.

The public sector lender filed its investor presentation with stock exchanges on September 7, 2026, detailing financial performance for the first quarter of fiscal 2027. The bank’s total income rose 15% to ₹91 billion, while operating profit expanded 21% to ₹31.17 billion.

Financial Performance

Net interest income (NII) grew 15% to ₹37.70 billion from ₹32.92 billion in the corresponding quarter last year. Despite this growth, the net interest margin (NIM) contracted to 3.79% from 4.00% in March 2026 and 3.79% annualized for the period. Non-interest income increased 25% to ₹10 billion, led by fee-based income of ₹5 billion and treasury income of ₹3 billion.

Provisions for non-performing assets rose to ₹8 billion from ₹7 billion in June 2025. Income tax expense stood at ₹3 billion. The cost-to-income ratio improved to 35.04% from 38.37% in March 2026.

Asset Quality and Capital

Gross non-performing assets (GNPA) remained stable at 1.45%, while net NPAs held steady at 0.13%. The provision coverage ratio was 98.55%. Standard restructured advances as a percentage of standard credit fell to 0.66% from 0.72% in March 2026.

Capital adequacy ratios showed resilience. The capital to risk-weighted assets ratio (CRAR) stood at 18.64%, with Tier-1 capital at 16.35%. Common Equity Tier 1 (CET-1) capital was 15.56% against total risk-weighted assets of ₹2,174 billion.

Deposit and Loan Book Growth

Total deposits reached ₹3,444.93 billion, a decline from ₹3,505.64 billion in March 2026 but up significantly from ₹2,022.94 billion in March 2022. The current account savings account (CASA) ratio dropped to 48.51% from 52.51% in March 2026. Term deposits grew at a 19% CAGR since March 2022.

Global advances stood at ₹3,059.64 billion, including ₹81.06 billion in overseas advances. Retail loans accounted for 29% of the portfolio, growing at a 24% CAGR since March 2022. MSME loans grew at 19% CAGR, while agriculture loans expanded at 21% CAGR.

What the Numbers Show

The divergence between NII growth and NIM contraction highlights the bank’s asset-liability management dynamics. While net interest income rose 15%, the NIM fell from 4.00% in March 2026 to 3.79% annualized in June 2026. This suggests that loan yield compression or deposit cost pressures may be offsetting volume growth. Meanwhile, the 27% jump in net profit outpaced the 15% rise in total income, indicating operational leverage through controlled provisions and expenses.