Bank of Maharashtra delivered robust financial performance for the quarter ended December 31, 2025, demonstrating strong operational efficiency and improved asset quality. The public sector bank reported significant growth across key financial metrics while maintaining healthy capital adequacy ratios.

Financial Performance Highlights

The bank's financial results for Q3 FY26 showed impressive growth momentum across all major parameters:

For the nine-month period ended December 31, 2025, the bank maintained its strong performance trajectory with net profit of ₹5,005.23 crores compared to ₹4,026.71 crores in the corresponding period of the previous year, representing a growth of 24.30%.

Asset Quality Improvement

Bank of Maharashtra demonstrated significant improvement in asset quality metrics, reflecting enhanced risk management and recovery efforts:

The bank's provision coverage ratio of 98.41% indicates robust provisioning practices and preparedness for potential credit losses.

Capital Adequacy and Profitability Ratios

The bank maintained strong capital adequacy ratios well above regulatory requirements:

Business Segment Performance

The bank's diversified business model showed balanced growth across segments:

Retail Banking Operations emerged as the largest revenue contributor with ₹3,783.19 crores in Q3 FY26, while Corporate/Wholesale Banking generated ₹2,876.82 crores. Treasury Operations contributed ₹1,557.86 crores to the total segment revenue.

Corporate Actions and Strategic Developments

The board of directors approved several significant decisions during their meeting on January 13, 2026:

• Interim Dividend: Declared 10% interim dividend (₹1.00 per equity share with face value of ₹10 each)
• Offer for Sale Completion: Successfully completed OFS of 46.15 crore equity shares representing 6% of paid-up capital
• Public Shareholding Compliance: Achieved SEBI's minimum 25% public shareholding requirement

The Government of India's shareholding reduced from 79.60% to 73.60% following the successful completion of the Offer for Sale on December 1, 2025.

Operational Metrics and Provisions

Bank of Maharashtra continues to maintain conservative provisioning practices with total provisions of ₹728.19 crores for Q3 FY26, including ₹659.98 crores specifically for non-performing assets. The bank holds COVID-19 related contingency provisions of ₹1,200 crores as of December 31, 2025.

The bank reported 285 fraud cases involving ₹807.28 crores during the nine-month period, with total loss of ₹725.71 crores. The bank maintains 100% provisions against the loss amount of ₹723.92 crores, demonstrating prudent risk management practices.

Source: Bank of Maharashtra Q3 FY26 Financial Results

Bank of Maharashtra has reported strong financial performance in its third quarter results, with interest income showing significant year-on-year growth. The public sector bank's core earnings demonstrated robust expansion, reflecting improved business momentum and operational efficiency.

Financial Performance Overview

The bank's interest income performance for Q3 showed substantial improvement compared to the previous year:

Interest Income Growth Analysis

The bank achieved interest income of ₹73.44 billion in Q3, marking a notable increase from ₹63.25 billion recorded in the same quarter of the previous year. This represents an absolute growth of ₹10.19 billion, translating to a healthy year-on-year expansion of 16.11%. The substantial growth in interest earnings indicates the bank's success in expanding its lending operations and maintaining competitive interest margins.

Business Performance Indicators

The strong interest income growth reflects several positive business developments for the bank. The 16.11% year-on-year increase suggests effective loan portfolio management and successful customer acquisition strategies. This performance demonstrates the bank's ability to generate higher returns from its core lending activities while maintaining asset quality standards.

The consistent growth trajectory in interest earnings positions Bank of Maharashtra favorably within the competitive banking sector, showcasing its operational strength and market presence during the quarter.