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Bank Of Maharashtra Q3 Net Profit Surges 26.5% To ₹1,779 Crore, Reduces NPAs

Bank of Maharashtra reported strong Q3 FY26 results with net profit rising 26.5% to ₹1,779 crore, driven by 16% growth in Net Interest Income to ₹3,422 crore. The state-owned bank improved asset quality with gross NPAs declining to 1.60% from 1.80% year-on-year. The board declared a 10% interim dividend of ₹1 per share, though Capital Adequacy Ratio moderated to 17.06%. Shares hit a 17-month high before paring gains, with analysts maintaining buy ratings and a consensus target of ₹77.33.

14Jan 26

Bank Of Maharashtra Expects Strong Double-Digit Growth Through Strategic Branch Expansion

Bank Of Maharashtra has announced expectations for strong double-digit growth over the next few years through strategic branch expansion. The bank's growth strategy focuses on expanding its physical presence to capture larger market share and enhance customer accessibility, reflecting confidence in its ability to scale operations effectively.

14Jan 26

Bank Of Maharashtra Reports Strong Profitability Metrics, Projects 14% Deposit Growth

Bank Of Maharashtra has reported strong profitability metrics that surpass market estimates, including NIM at 3.87%, ROA at 1.86%, ROE at 23.79%, and cost-to-income ratio at 37.19%. The bank projects 14% deposit growth for the year while targeting to maintain NIM above 3.75% and CRAR above 16%, demonstrating operational efficiency and robust capital adequacy planning.

14Jan 26

Bank Of Maharashtra Reports Improved Asset Quality With Gross NPA At 1.60% And Net NPA At 0.15%

Bank Of Maharashtra has achieved improved asset quality with Gross NPA at 1.60% and Net NPA at 0.15%, both exceeding expected guidance. This performance demonstrates enhanced credit management, effective loan recovery processes, and robust provisioning practices, positioning the bank favorably in the competitive banking sector.

14Jan 26

Bank Of Maharashtra Reports Strong Q3 FY26 Performance With 17.24% Business Growth

Bank Of Maharashtra reported strong Q3 FY26 results with total business growth of 17.24%, deposits increasing 15.3%, and advances rising 20%. The bank exceeded its guidance for the first three quarters of fiscal year 2026, demonstrating robust operational performance and effective strategic execution across key business metrics.

13Jan 26

Bank of Maharashtra Discloses RBI Trade Relief Measures Data for MSME Borrowers

Bank of Maharashtra disclosed RBI Trade Relief Measures data following its Q3FY26 earnings call, revealing 66 eligible MSME borrowers with ₹671 crores involved, representing 1.31% of its total MSME portfolio. The disclosure was made on January 13, 2026, as part of regulatory compliance under Regulation 30.

13Jan 26

Bank of Maharashtra Makes Q3FY26 Earnings Call Recording Available Following Analyst Discussion

Bank of Maharashtra has made available the recording of its Q3FY26 earnings conference call held on January 13, 2026, at 4:30 PM IST. The call discussed the bank's financial performance for the quarter ended December 31, 2025, with analysts and investors. The recording is accessible on the bank's website in compliance with SEBI regulations, with formal communication sent to BSE and NSE by Company Secretary Vishal Sethia.

13Jan 26

Bank of Maharashtra Reports 26% YoY Jump in Q3 Profit to ₹1,779 Crore

Bank of Maharashtra reported strong Q3 results with net profit jumping 26% YoY to ₹1,779 crore, driven by 20% advances growth and healthy income expansion. The bank declared a 10% interim dividend while maintaining NIM at 3.86%. Asset quality improved further with gross NPA ratio declining to 1.6% from 1.8% and net NPA ratio compressing to 0.15%. The bank has a robust corporate loan pipeline of ₹50,000-55,000 crore with strong deposit growth of 15% and healthy CASA ratio of 49.5%.

13Jan 26

Bank of Maharashtra Q3 Results: Net profit rises 26.5% YoY to ₹1,779 crore, NII jumps 16%

Bank of Maharashtra reported strong Q3 FY26 results with net profit rising 26.51% YoY to ₹1,779 crore and NII growing 16.27% to ₹7,344 crore. The bank demonstrated improved asset quality with Gross NPA declining to 1.60% from 1.80% and Net NPA reducing to 0.15% from 0.20%. Operational efficiency enhanced with Cost to Income Ratio improving to 37.19% from 38.27%, while Total Business grew 17.24% YoY driven by strong deposit and advances growth.

13Jan 26

Bank of Maharashtra Q3 FY26 Results: Net Profit Surges 27% to ₹1,779.30 Crore

Bank of Maharashtra reported exceptional Q3 FY26 results with net profit surging 27% year-on-year to ₹1,779.30 crore from ₹1,407.00 crore in the corresponding quarter last year. The Pune-headquartered state-owned lender announced these strong financial results on Tuesday, January 13, demonstrating robust operational performance and effective management strategies in the competitive banking sector.

13Jan 26

Bank of Maharashtra Announces Interim Dividend of ₹1.00 Per Share with Record Date January 20, 2026

Bank of Maharashtra's Board of Directors approved a 10% interim dividend of ₹1.00 per share for FY 2025-26 during their meeting on January 13, 2026. The record date for determining shareholder eligibility has been set for January 20, 2026. The bank has communicated this decision to BSE and NSE as per regulatory requirements under Regulation 42, with the notification signed by Company Secretary Vishal Sethia.

13Jan 26

Bank of Maharashtra Announces Interim Dividend of ₹1.00 Per Share for FY26

Bank of Maharashtra declared an interim dividend of ₹1.00 per share for FY26, representing 10% dividend on equity shares with ₹10 face value. The Board of Directors approved this decision on January 13, 2026, with the record date set for January 20, 2026. The announcement was made in compliance with SEBI Regulation 42 and communicated to both BSE and NSE.

13Jan 26

Bank of Maharashtra Reports Strong Q3FY26 Performance with 26.51% Net Profit Growth

Bank of Maharashtra announced strong Q3FY26 results with net profit rising 26.51% to ₹1,779 crore, driven by robust business growth and improved operational efficiency. Total business expanded 17.24% to ₹5,95,163 crore with deposits growing 15.29% and advances increasing 19.62%. Asset quality improved significantly with gross NPA declining to 1.60% and net NPA to 0.15%. The bank maintained healthy profitability ratios with ROA at 1.86% and ROE at 23.79%, while declaring an interim dividend of 10% for FY26.

13Jan 26

Bank of Maharashtra Reports Over 27% YoY Profit Growth in Q3 Results

Bank of Maharashtra announced strong Q3 financial results with net profit growing over 27% year-on-year. The public sector bank's robust quarterly performance demonstrates improved operational efficiency and enhanced profitability metrics. This significant growth reflects the bank's continued progress in strengthening its market position and delivering consistent financial performance to stakeholders.

13Jan 26

Bank of Maharashtra Reports Strong Q3FY26 Performance with 27% Net Profit Growth

Bank of Maharashtra reported strong Q3FY26 results with net profit growing 27% YoY to ₹1,779 crores, supported by 16% growth in total income to ₹8,277 crores. The bank achieved robust business expansion with global advances rising 19.62% to ₹2,73,502 crores and deposits reaching ₹3,21,661 crores. Asset quality improved with gross NPA ratio declining to 1.60% while maintaining adequate capital adequacy at 17.06%.

13Jan 26

Bank of Maharashtra Reports Fresh Slippages of ₹7.50 Billion in Latest Quarter

Bank of Maharashtra reported fresh slippages of ₹7.50 billion in the latest quarter, up from ₹7.10 billion in the previous quarter, marking a sequential increase of ₹0.40 billion. This rise in fresh slippages indicates ongoing challenges in asset quality management, as these represent loans transitioning from standard to non-performing status during the reporting period.

13Jan 26

Bank of Maharashtra Reports Strong Q3 FY26 Results with 26.5% YoY Profit Growth

Bank of Maharashtra reported strong Q3 FY26 results with net profit growing 26.5% YoY to ₹1,779.33 crores. Asset quality improved with gross NPAs declining to 1.60% and net NPAs to 0.15%. The bank completed a 6% OFS achieving SEBI compliance and declared 10% interim dividend, reflecting robust operational performance and strategic progress.

13Jan 26

Bank of Maharashtra Q3 Results: 26.5% Profit Growth with Improved Asset Quality

Bank of Maharashtra reported strong Q3 results with net profit growing 26.5% YoY to ₹1,779 crore and Net Interest Income rising 16% to ₹3,422 crore. Asset quality improved with Gross NPA ratio declining to 1.60% from 1.72% QoQ and Net NPA ratio improving to 0.15%. The bank maintained healthy capital adequacy at 13.10% CET-1 ratio while shares traded near 52-week highs.

13Jan 26

Bank of Maharashtra Reports Strong Q3 FY26 Results with 26.55% YoY Profit Growth

Bank of Maharashtra reported strong Q3 FY26 results with net profit growing 26.55% YoY to ₹1,779.33 crores and total income rising 16.37% to ₹8,277.06 crores. Asset quality improved with gross NPA ratio declining to 1.60% from 1.80% and net NPA ratio dropping to 0.15%. The bank maintains strong capital adequacy at 17.06% and declared 10% interim dividend while successfully completing OFS to meet SEBI's public shareholding requirements.

13Jan 26

Bank of Maharashtra Reports 16.11% Growth in Q3 Interest Income to ₹73.44 Billion

Bank of Maharashtra reported impressive Q3 results with interest income rising 16.11% year-on-year to ₹73.44 billion from ₹63.25 billion. The ₹10.19 billion absolute growth in interest earnings demonstrates strong lending portfolio expansion and effective operational management. This robust performance reflects the bank's successful business strategies and improved market positioning during the quarter.

13Jan 26

Bank of Maharashtra Reports Sequential Improvement in Asset Quality Metrics for Q3

Bank of Maharashtra reported improved asset quality metrics in Q3 with GNPA ratio declining to 1.60% from 1.72% quarter-on-quarter and NNPA ratio reducing to 0.15% from 0.18%. The sequential improvement in both ratios reflects enhanced credit risk management and recovery efforts by the bank during the quarter.

13Jan 26

Bank of Maharashtra Reports 27.14% YoY Growth in Q3 Standalone Net Profit

Bank of Maharashtra achieved outstanding Q3 financial results with standalone net profit reaching ₹17.80 billion, representing a substantial 27.14% year-on-year increase from ₹14.00 billion in the previous year's corresponding quarter. This impressive growth of ₹3.80 billion demonstrates the bank's enhanced operational efficiency, effective business strategies, and strengthened market position within the public sector banking segment.

07Jan 26

Bank of Maharashtra Schedules Q3 Financial Results Announcement for January 13

Bank of Maharashtra has scheduled the consideration of its third quarter financial results for January 13. This announcement provides stakeholders with advance notice of the important corporate event, allowing investors and analysts to prepare for the quarterly financial disclosure.

05Jan 26

Bank Of Maharashtra Shares Hit 52-Week High After Strong Q3 Business Update

Bank of Maharashtra shares surged 3.2% to a 52-week high following strong Q3 business update showing 17.24% growth in total business to ₹5.95 lakh crore. The performance was driven by 15.30% growth in deposits, improved CASA ratio to 49.55%, and 19.61% increase in global advances, reflecting the bank's operational strength.

03Jan 26

Bank of Maharashtra Submits SEBI Compliance Certificate for Quarter Ended December 31, 2025

Bank of Maharashtra filed its quarterly SEBI compliance certificate for the quarter ended December 31, 2025, confirming adherence to depositories regulations. The certificate, issued by registrar MCS Share Transfer Agent Limited, validates proper dematerialization processes and regulatory compliance within prescribed timelines.

26Dec 25

Bank of Maharashtra Appoints Statutory Central Auditors for Financial Year 2025-26

Bank of Maharashtra has appointed four chartered accountant firms as Statutory Central Auditors for FY2025-26 following RBI approval. The appointments include two continuing firms - M/s. G D Apte & Co., Mumbai and M/s. Manubhai Shah LLP, Ahmedabad - and two new firms - M/s Sagar Associates, Hyderabad and M/s S. Singhal & Co, Jaipur. All firms bring extensive banking sector audit experience and comprehensive financial services expertise.

19Dec 25

AkzoNobel India: ICIL Completes ₹1,296 Crore Exit with Regulatory Disclosure

AkzoNobel India disclosed ICIL's complete exit through a ₹1,296.09 crore block deal involving 40,97,025 shares (9% stake) executed on NSE. The transaction included comprehensive regulatory filings under SEBI LODR and insider trading regulations, with ICIL being declassified as a promoter post-transaction.

15Dec 25

Bank of Maharashtra Completes ₹76.91 Crore Interest Payment on Basel III Bonds

Bank of Maharashtra has successfully completed its annual interest payment obligation on Basel III Additional Tier-1 Bonds, paying ₹76.91 crores on December 26, 2025. The payment was made on bonds with ISIN INE457A08134 having a principal amount of ₹880 crores, demonstrating the bank's commitment to regulatory compliance and stakeholder transparency under SEBI listing requirements.

15Dec 25

Bank of Maharashtra Completes ₹15.55 Crore Interest Payment on Basel III Tier-II Bonds

Bank of Maharashtra completed its annual interest payment of ₹15.55 crores on Basel III Tier-II bonds (ISIN: INE457A08068) on December 15, 2025. The payment was made one day after the due date due to a bank holiday, in compliance with SEBI listing regulations. The bonds have a total value of ₹200.70 crores with Catalyst Trusteeship Limited as the trustee.

05Dec 25

Government Reduces Stake in Bank of Maharashtra Through Successful OFS

The Indian government has reduced its shareholding in Bank of Maharashtra by 6%, from 86.46% to 80.46%, through an Offer for Sale (OFS) conducted on December 2-3, 2025. The OFS involved selling 38,45,77,748 equity shares, representing 5% of the bank's total paid-up equity capital, on the BSE and NSE. This move aligns with the government's divestment strategy for public sector enterprises and may lead to increased market liquidity and public participation in the bank's ownership.

01Dec 25

Government Plans 5% Stake Sale in Bank of Maharashtra at Discounted Price

The Indian government plans to sell a 5% stake in Bank of Maharashtra, a public sector bank, at a discount of over 5% to the market price. This divestment is part of the government's fundraising efforts and may alter the bank's shareholding structure. The move could attract new investors due to the discounted entry price and potentially impact the bank's stock price in the short term.

27Nov 25

S&P Global Reaffirms Bank of Maharashtra's BBB/A-2 Credit Rating, Highlighting Strong Capitalization and Government Support

S&P Global Ratings has reaffirmed Bank of Maharashtra's (BoM) BBB long-term and A-2 short-term issuer credit rating with a stable outlook. The rating reflects BoM's strong capitalization and high likelihood of government support, despite its higher risk appetite compared to peers. BoM's risk-adjusted capital ratio is expected to strengthen to 10.5%-11.0% over the next two years. The bank's funding profile remains strong, supported by a stable deposit base and better-than-peer-average loans-to-deposits ratio. S&P classifies BoM as a government-related entity with a very high likelihood of extraordinary government support, based on the government's 79.6% stake and the bank's role in financial inclusion objectives.

19Nov 25

Government Mulls Privatization of Bank of Maharashtra

The Indian government is reportedly considering the privatization of Bank of Maharashtra, a public sector bank, according to CNBC reports. This potential move could significantly impact shareholders, employees, and the competitive landscape of the Indian banking sector. The consideration aligns with the government's ongoing efforts to reform the banking sector and reduce its stake in public sector banks. However, the privatization is still under consideration, and no official confirmation has been made by the government or Bank of Maharashtra.

06Nov 25

Bank of Maharashtra's Rs 20,000 Crore Certificate of Deposits Program Reaffirmed CRISIL A1+ Rating

CRISIL Ratings Limited has reaffirmed its 'CRISIL A1+' rating on Bank of Maharashtra's Rs 20,000 crore Certificate of Deposits program. The rating is supported by strong government backing (79.6% stake), a comfortable resource profile with 50.4% CASA deposits, improving asset quality with GNPAs at 1.72%, and enhanced profitability with a net profit of Rs 3,226 crore in H1 FY2026. The bank faces challenges in scaling operations and reducing regional concentration in Maharashtra.

31Oct 25

Bank of Maharashtra Adjusts MCLR Rates: Overnight and Short-Term Rates Reduced

Bank of Maharashtra has announced revisions to its Marginal Cost of Funds Based Lending Rate (MCLR) effective October 31, 2025. The bank has reduced rates for overnight, one-month, and three-month tenors, while keeping six-month and one-year rates unchanged. The overnight rate saw the most significant cut of 25 basis points, dropping from 8.20% to 7.95%. One-month and three-month rates were reduced by 10 basis points each to 8.30% and 8.45% respectively. The changes may impact short-term borrowers and the interbank lending market, while medium-term lending rates remain stable.

29Oct 25

Bank of Maharashtra Eyes 20%+ Credit Growth Through Digital Push and Retail Focus

Bank of Maharashtra (BoM) aims for over 20% credit growth, focusing on digital lending and key sectors. 98.84% of transactions are now digital. The bank reports significant increases in UPI/BHIM users, WhatsApp banking, QR merchant onboarding, and mobile banking users. BoM's RAM (Retail, Agriculture, MSME) portfolio constitutes 62.19% of domestic advances. Despite aggressive growth plans, the bank maintains a low Gross Non-Performing Asset ratio of 1.72% as of September 2025.

17Oct 25

Bank of Maharashtra Staff Seeks FM Clarification on SBI Merger Reports

Bank of Maharashtra employees and officers have written to Finance Minister Nirmala Sitharaman seeking clarification on media reports suggesting a potential merger with State Bank of India. The federation highlighted the bank's exceptional operational efficiency, strong credit growth, and progress in financial inclusion. They emphasized the bank's importance to Maharashtra's socio-economic development and requested an official statement to restore stakeholder confidence. Bank of Maharashtra recently reported strong financial performance with 14% growth in total business, 12.13% increase in deposits, and 17% rise in advances.

17Oct 25

Bank of Maharashtra Reports 23% Profit Surge, Unveils Ambitious Branch Expansion Strategy

Bank of Maharashtra (BoM) reported a 23% year-on-year increase in net profit to Rs. 1,633.00 crore for Q2. Operating profit rose 17% to Rs. 2,500.00 crore, while total business grew 14% to Rs. 5,63,000.00 crore. Asset quality improved with gross NPAs at 1.72% and net NPAs at 0.18%. The bank announced 'Project 321', aiming to open 321 new branches in 18 months as part of a larger plan to add 1,000 branches in five years. BoM received a BBB- rating from S&P Global and launched GIFT IBU operations. The bank has approval for Rs. 7,500.00 crore fundraising, including Rs. 5,000.00 crore in equity.

15Oct 25

Bank of Maharashtra Reports 23% Profit Growth in Q2, Asset Quality Improves

Bank of Maharashtra reported a 23.09% year-on-year increase in net profit to ₹1,633 crore for Q2. Net Interest Income grew by 15.71% to ₹3,248 crore, while operating profit rose 16.91% to ₹2,574 crore. The bank's asset quality improved with Gross NPA ratio declining to 1.72% from 1.84% a year ago. Total business expanded by 14.20% to ₹5,63,909 crore. The bank maintained a strong capital position with a Total Capital Adequacy Ratio of 18.13%.

15Oct 25

Bank of Maharashtra Sets Ambitious Financial Targets, Aims for 3.75% NIM

Bank of Maharashtra has announced several financial targets during a recent conference call. The bank aims to maintain a RAM (Retail, Agriculture, and MSME) portfolio ratio of 60-40 (±2%), keep credit costs under 1%, maintain a capital adequacy ratio around 18%, achieve a CASA ratio of over 50%, and reach a Net Interest Margin (NIM) of 3.75%. These targets come in the context of recent improvements in the bank's financial performance, including a 23.09% year-on-year increase in net profit and reductions in both gross and net NPAs.

14Oct 25

Bank of Maharashtra Reports Strong Financial Results Amid Governance Challenges

Bank of Maharashtra's unaudited financial results for Q2 and H1 FY2024 show significant profit growth to ₹3,226.00 crores. The bank maintained a 98.34% provision coverage ratio and holds ₹1,200.00 crores in COVID-19 related provisions. 178 fraud cases involving ₹155.08 crores were reported, with 100% provision made. The bank invoked Para 14A of Nationalised Banks Scheme, 1970 due to insufficient independent directors.

06Oct 25

Bank of Maharashtra Reports Robust 14.22% Growth in Global Business

Bank of Maharashtra has achieved significant growth in various areas. Global business grew by 14.22% year-on-year to ₹5,63,987 crore. Total deposits increased by 12.13% to ₹3,09,800 crore, with CASA deposits growing by 14.55% to ₹1,55,989 crore. The CASA ratio improved to 50.35%. Global advances rose by 16.87% to ₹2,54,187 crore, with retail advances showing exceptional growth of 37.39% to ₹78,195 crore. Corporate advances grew by 16.57% to ₹96,022 crore. The bank's Credit-Deposit ratio improved from 78.72 to 82.05.

25Aug 25

Bank of Maharashtra Plans Rs 2,000-Crore Share Sale to Reduce Government Stake

Bank of Maharashtra announces plans to raise at least Rs 2,000 crore through a qualified institutional placement (QIP) or offer for sale. This move aims to reduce the government's stake from 79.60% to below or up to 75.00%, aligning with SEBI's minimum public shareholding norms. The fundraising will help the bank comply with regulations and strengthen its capital base. CEO Nidhu Saxena has set targets of 15.00% overall business growth and 17.00% credit growth for the current financial year.

18Aug 25

Bank of Maharashtra and SBI Card Unveil Co-Branded Credit Card Partnership

Bank of Maharashtra and SBI Card have launched a co-branded credit card offering three variants: ELITE, PRIME, and SimplySAVE. The cards feature accelerated reward points, fuel surcharge waivers, utility bill payment options, travel and dining discounts, and contactless payment functionality. Available on RuPay and VISA platforms, the cards can be applied for at Bank of Maharashtra branches. This partnership combines Bank of Maharashtra's 3 crore customer base and ₹5.46 lakh crore business with SBI Card's 20 million cards in force.

12Aug 25

Bank of Maharashtra Engages with Major Institutional Investors in Non-Deal Road Shows

Bank of Maharashtra (BoM) held non-deal road shows on August 11-12, 2025, meeting with six prominent institutional investors including UTI Asset Management, Tata Asset Management, and Aditya Birla Sun Life Insurance. The meetings, conducted in physical mode, adhered to disclosure norms with only publicly available information shared. This initiative demonstrates BoM's commitment to transparent communication with the investment community and compliance with SEBI regulations.

08Aug 25

Bank of Maharashtra Announces Record Dates for Rs 5,119.70 Crore Bond Interest Payments

Bank of Maharashtra has announced record dates for annual interest payments on various bond issues totaling Rs 5,119.70 crore. The announcement covers 11 bond series with payments due between September 1, 2025, and March 31, 2026. The bonds include Basel III Additional Tier I (AT1) bonds worth Rs 1,590.00 crore, Basel III Tier II bonds worth Rs 1,917.70 crore, and Long Term Infrastructure bonds worth Rs 1,612.00 crore. Interest rates range from 7.70% to 8.75%. Record dates span from August 24, 2025, to March 9, 2026. The bank has noted that payments falling on holidays will be processed on the next working day.

04Aug 25

Bank of Maharashtra Appoints Devesh Verma as General Manager for Digital Transformation

Bank of Maharashtra has appointed Devesh Verma as its new General Manager of Digital Transformation, effective August 4, 2025. Verma, 38, brings 17 years of banking sector experience with a focus on digital transformation. He holds a B.Tech in Information Technology and an Executive Programme in Digital Transformation from IIM Indore. Verma's career includes roles at Poonawala Fincorp, Kotak Mahindra Bank, SBI, HDFC Bank, and ICICI Bank. The appointment aims to enhance the bank's digital capabilities and competitiveness in the evolving banking landscape.

30Jul 25

Bank of Maharashtra Cuts MCLR Rates, One-Year Rate Down to 9.00%

Bank of Maharashtra has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) for various tenors, effective July 31, 2025. The one-year MCLR, crucial for most consumer loans, has been cut by 5 basis points to 9.00%. The six-month and three-month tenors saw reductions of 20 and 10 basis points respectively, while short-term rates remained unchanged. This move, communicated to stock exchanges in compliance with SEBI regulations, could potentially lower interest rates for borrowers with MCLR-linked loans.

25Jul 25

ICRA Reaffirms AA+ Ratings on Bank of Maharashtra's Bonds Worth Rs 11,500 Crore

ICRA Limited has reaffirmed its AA+ rating with a stable outlook for Bank of Maharashtra's securities worth Rs 11,500 crore. The rating covers various debt instruments including Basel III Tier II Bonds and Long Term Infrastructure Bonds. The reaffirmation applies to multiple securities with different coupon rates and amounts. ICRA has withdrawn its rating for one Basel III Tier II Bond with an 8.70% coupon rate. This reaffirmation indicates ICRA's continued confidence in the bank's creditworthiness and suggests very low credit risk for these instruments.

25Jul 25

ICRA Reaffirms AA+ Ratings on Bank of Maharashtra's Rs 11,500 Crore Debt Instruments

ICRA Limited has reaffirmed its 'ICRA AA+' rating with a stable outlook for Bank of Maharashtra's debt securities worth Rs 11,500 crore. The rating covers various instruments including Basel III Tier II Bonds and Long Term Infrastructure Bonds. The reaffirmation applies to existing and proposed bonds with different coupon rates. ICRA has withdrawn its rating for one Basel III Tier II Bond with an 8.70% coupon rate. This rating action indicates ICRA's continued confidence in the bank's ability to meet its debt obligations and suggests very low credit risk.

22Jul 25

Bank of Maharashtra Sets Non-Deal Road Shows with Investors for July 25

Bank of Maharashtra (BoM) plans to conduct non-deal road shows and meetings with investors and analysts on July 25, 2025. The engagement will include group meetings and one-on-one sessions, focusing on publicly available information. BoM emphasizes compliance with SEBI regulations and will not share unpublished price-sensitive information. The schedule may be adjusted due to exigencies or unforeseen circumstances.

22Jul 25

Bank of Maharashtra Reports Robust Q1 Performance with 15% Business Growth

Bank of Maharashtra achieved 15% year-on-year business growth, reaching ₹5.46 lakh crore. Net Interest Margin remained healthy at 3.95%. Net Non-Performing Assets ratio improved to 0.18%, with a Provision Coverage Ratio of 98.36%. Cost-to-income ratio improved to 37.57%. The bank plans to open 321 new branches in 18 months and has received approval for an International Banking Unit at GIFT City. Capital Adequacy Ratio stands at 20.50%. The bank maintains its guidance of 17% advance growth and 14% deposit growth.

16Jul 25

Bank of Maharashtra Sets Ambitious Targets Amid Strong Q1 FY26 Performance

Bank of Maharashtra reported robust Q1 FY26 results with net profit up 23.14% to ₹1,593.00 crore. The bank set targets for over 50% CASA ratio and sub-40% cost-to-income ratio. BoM aims for 15% total business growth, with 17% increase in advances and 14% in deposits. Asset quality improved with GNPA at 1.74%. The bank maintains a strong capital position with CAR at 20.06%. Retail advances grew by 35.37%, while MSME sector saw 5.65% growth.

15Jul 25

Bank of Maharashtra Plans ₹10,000 Crore Infrastructure Bond Issue

Bank of Maharashtra announces plans to raise ₹10,000 crore through infrastructure bonds in the current fiscal year. The bank also has approvals to raise ₹5,000 crore in equity and ₹2,500 crore in debt. This move follows strong quarterly results, with net profit up 23.14% to ₹1,593.00 crore and total business growing 14.63% to ₹546,143.00 crore. The bank's gross NPA improved to 1.74% and net NPA to 0.18%.

15Jul 25

Bank of Maharashtra Reports Strong Q1 FY24 Results with 23% Profit Growth and Increased Fresh Slippages

Bank of Maharashtra announced strong Q1 FY24 results with a 23% year-over-year increase in net profit to ₹1,593.00 crore. Net Interest Income grew by 18% to ₹3,292.00 crore. The bank maintained stable asset quality with Gross NPA at 1.74% and Net NPA at 0.18%. However, fresh slippages increased to ₹730.00 crore from ₹660.00 crore in the previous quarter. Provisions decreased to ₹867.41 crore, reflecting a balanced approach to risk management and growth.

04Jul 25

Bank of Maharashtra Reports Strong Growth in Q1: Advances Up 15%, Deposits Rise 14%

Bank of Maharashtra has shown significant year-over-year growth in Q1. Gross advances increased by 15.36% to ₹2.41 lakh crore, while deposits grew by 14.08% to ₹3.05 lakh crore. CASA deposits rose by 14.56% to ₹1.52 lakh crore. The credit-deposit ratio improved to 79.04% from 78.17% in the previous year.

09May 25

Bank of Maharashtra Expands Horizons with RBI Approval for IFSC Banking Unit

Bank of Maharashtra has received approval from the Reserve Bank of India to establish an IFSC Banking Unit in GIFT IFSC, Gujarat. This strategic move allows the bank to expand its international financial services, potentially attracting foreign investments and clients. The IFSC Banking Unit will enable the bank to offer a wider range of international banking services and establish a presence in the global financial market, aligning it with other major Indian banks operating in GIFT IFSC.

25Apr 25

Bank of Maharashtra Reports 22.6% Profit Jump in Q4 FY24, Declares Dividend

Bank of Maharashtra announced impressive Q4 results for FY 2023-24, with net profit rising 22.6% year-over-year to ₹1493.00 crore. The bank's asset quality improved significantly, with GNPA ratio decreasing to 1.74% and NNPA ratio reducing to 0.18%. Net Interest Income grew by 20.60% to ₹3116.70 crore. The bank also declared a dividend of 15% (₹1.50 per share) for FY 2023-24.

08Apr 25

Bank of Maharashtra Announces Regional Rural Banks Merger and Reports Strong Financial Growth

Bank of Maharashtra plans to merge two regional rural banks into Maharashtra Gramin Bank, effective May 1, 2025. The bank also reported impressive financial figures for FY 2025, with total business growing 15.33% to ₹547,159 crore, deposits increasing 13.45% to ₹307,152 crore, and gross advances rising 17.84% to ₹240,007 crore. CASA deposits grew by 14.64%, and the CASA ratio improved to 53.29%.

08Apr 25

Bank of Maharashtra Reports Robust Growth in Deposits and Advances for FY 2025

Bank of Maharashtra announced impressive financial results for the fiscal year ending March 31, 2025. Total deposits grew by 13.45% to ₹307,152.00 crore, while gross advances increased by 17.84% to ₹240,007.00 crore. CASA deposits rose by 14.64% to ₹163,669.00 crore, with the CASA ratio improving to 53.29%. The bank's total business expanded by 15.33% to ₹547,159.00 crore, and the Credit-Deposit ratio stood at 78.14%.

21Mar 25

Bank of Maharashtra to Invest ₹50 Crore in Maharashtra Gramin Bank's Tier-I Bonds

Bank of Maharashtra plans to invest up to ₹50 crore in tier-I perpetual bonds issued by Maharashtra Gramin Bank, a regional rural bank under its sponsorship. The total bond issue is ₹70 crore, with ₹20 crore expected from the market. The bonds offer a 10.15% interest rate and are likely to close by March-end. This investment aims to strengthen the rural bank's capital base and enhance its lending capabilities in Maharashtra's rural areas.

18Mar 25

Bank of Maharashtra Receives SEBI Warning for Non-Compliance with Committee Meeting Regulations

Bank of Maharashtra has received an administrative warning from SEBI for failing to conduct Nomination & Remuneration Committee meetings in FY 2022-23 and 2023-24, violating Regulation 19(3A) of SEBI's Listing Obligations and Disclosure Requirements. The bank asserts this warning will not impact its financial or operational activities and has committed to addressing SEBI's concerns.

17Mar 25

Bank of Maharashtra Receives SEBI Warning for Non-Compliance with Committee Meeting Regulations

Bank of Maharashtra has received an administrative warning from SEBI for failing to conduct Nomination & Remuneration Committee meetings in FY 2022-23 and 2023-24, violating SEBI LODR Regulations. The bank acknowledged the warning, stating it has no financial or operational impact, and committed to addressing the issue. This incident highlights the importance of regulatory compliance and corporate governance for listed entities.

28Feb 25

Bank of Maharashtra Kicks Off UAE Roadshows for Rs 2,500 Crore QIP

Bank of Maharashtra has initiated roadshows in the UAE for a Qualified Institutional Placement (QIP) aiming to raise up to Rs 2,500 crore, potentially diluting a 4.6% stake. The state-owned bank plans to complete the fundraising in the December quarter. Recent financial data shows strong growth, with total assets increasing by 14.75% year-over-year to Rs 307,329.0 crore and current assets rising by 46.85% to Rs 35,458.0 crore as of March 2024. The QIP is expected to strengthen the bank's capital adequacy ratio and support future growth.