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Latest filing: 2026-09-17 22:37
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33 announcements match the current filters (relevance ≥ 5).
Bank of Maharashtra Prices USD 500 Million 5-Year Notes at 6.112% Coupon
Bank of Maharashtra has priced Senior Unsecured Fixed Rate Notes worth USD 500 million under its Medium Term Note (MTN) Programme established on September 4, 2026. The notes carry a maturity of 5 years and a semi-annual coupon of 6.112% p.a. Issued via the bank's IFSC Banking Unit at GIFT City, the notes are scheduled for issuance on September 24, 2026, and will be listed on India INX and NSE IX.
Confidence: HIGH
What changedThe bank finalized the pricing and issuance terms for a USD 500 million bond offering under its MTN program.
Why it mattersProvides foreign currency funding to support its overseas lending activities and diversify liabilities away from purely domestic deposits.
Issue Amount: USD 500 MillionCoupon Rate: 6.112 % p.a.Maturity: 5 yearsIssue Date: September 24, 2026
📅 Short termSettlement on September 24, 2026, completes the funding round with no immediate disruption to domestic operations.
📈 Long termDiversifies the bank's funding base into foreign currency, strengthening liquidity at its GIFT City IFSC unit to scale overseas advances.
⚠ Risk flags
- Foreign exchange risk on deployment if assets and liabilities are mismatched
- Higher interest rate environment locks in a 6.112% borrowing cost
Key Highlights
Issued Senior Unsecured Fixed Rate Notes of USD 500 million
Notes priced with a 5-year maturity at a 6.112% p.a. semi-annual coupon
Issued via GIFT City IFSC Banking Unit with issue date set for September 24, 2026
Listing to take place on India INX and NSE IX
👀 What to Watch
Track the settlement and listing of the notes on September 24, 2026, and monitor their impact on the bank's overseas credit book expansion and overall cost of funds in subsequent quarterly results.
Bank of Maharashtra Sets Up USD 500 Million Euro Medium Term Note (EMTN) Programme
Bank of Maharashtra has established a Euro Medium Term Note (EMTN) Programme of USD 500 million (approx. ₹4,150-4,200 crore). The bank has submitted the offering circular to NSE IFSC Limited and India International Exchange (IFSC) Limited in GIFT City. This program establishes a framework enabling the bank to issue debt securities in overseas markets to diversify its funding profile.
Confidence: HIGH
What changedBank of Maharashtra has set up an international borrowing framework worth USD 500 million via GIFT City exchanges.
Why it mattersEnables the bank to access international capital markets to fund its overseas book and balance foreign currency asset-liability requirements efficiently.
EMTN Programme Size: USD 500 millionListing Venues: NSE IFSC Limited and India International Exchange (IFSC) LimitedProgramme Size vs Net Worth (₹33,108 Cr): ~12.5%
📅 Short termSets up the legal and listing infrastructure; actual fundraisings will depend on market timing and foreign currency loan demand.
📈 Long termBroadens institutional investor base globally and supports foreign currency asset growth without relying solely on domestic deposits.
⚠ Risk flags
- Currency exchange rate risk and global interest rate volatility on subsequent debt issuances.
Key Highlights
Established a Euro Medium Term Note (EMTN) Programme capped at USD 500 million
Offering circular filed with NSE IFSC Limited and India International Exchange (IFSC) Limited
Enables foreign currency debt issuance against bank's net worth of ₹33,108 crore
Filing executed on September 5, 2026 under SEBI LODR Regulation 30
👀 What to Watch
Watch for upcoming bond issuances, pricing/coupons, and tenure under this USD 500 million EMTN umbrella programme.
MAHABANK Q1 FY27: 27% YoY Net Profit growth to ₹2,020 Cr; Net NPA at 0.13%
Bank of Maharashtra reported a strong Q1 FY27 with net profit rising 27% YoY to ₹2,020 Cr, driven by a 27% surge in advances (₹65,000 Cr added). Asset quality remains robust with Gross NPA at 1.45% and Net NPA at a low 0.13%, supported by a high Provision Coverage Ratio of 98.55%. While Net Interest Margin (NIM) compressed by 10 bps to 3.85%, it remains above the management guidance of 3.75%. The bank continues its aggressive expansion, targeting 200 new branches annually to sustain industry-leading credit growth.
Confidence: HIGH
What changedThe bank released its Q1 FY27 earnings transcript, confirming strong growth across all parameters and maintaining asset quality despite industry-wide deposit challenges.
Why it mattersThe bank is significantly outperforming the industry average in credit growth (27% vs ~15-16% industry) while maintaining superior profitability (ROA 1.9%) and the lowest NPA levels among public sector banks.
Net Profit (Q1): ₹2,020 CrAdvances Growth: 27% YoYNet NPA: 0.13%Net Interest Margin (NIM): 3.85%Q1 Profit vs TTM PAT: 28.8%Capital Adequacy (CRAR): 18.64%
📅 Short termPositive sentiment is expected to continue as the bank beats its own guidance on NIM and maintains exceptional asset quality metrics.
📈 Long termStructural growth is supported by a 5-year branch expansion plan and a focus on high-yield RAM segments, potentially sustaining high ROE levels.
⚠ Risk flags
- NIM compression risk from rising deposit costs
- High Credit-to-Deposit ratio
- Dependency on stable CASA deposits for long-term growth
Key Highlights
Net Profit for Q1 FY27 increased 27% YoY to ₹2,020 Cr.
Total advances surged 27% YoY, adding ₹65,000 Cr to the loan book.
Asset quality remains best-in-class with Net NPA at 0.13% and PCR at 98.55%.
Gold loan portfolio saw a significant 75% YoY growth, reaching ₹13,000 Cr.
Return on Equity (ROE) improved by 165 bps YoY to 24.65%.
👀 What to Watch
Monitor the sustainability of the 27% credit growth and the impact of rising deposit costs on NIMs in upcoming quarters. Watch for the execution of the 200-branch annual expansion plan and its impact on the Credit-to-Deposit ratio.
26.8% YoY Net Profit growth to ₹2,020 Cr; Gross NPA improves to 1.45% in Q1FY27
Bank of Maharashtra reported a strong Q1 FY27 with Net Profit rising 26.8% YoY to ₹2,020 crore, supported by a 14.5% growth in Net Interest Income. Gross advances surged 26.9% YoY to ₹3,05,964 crore, significantly outpacing deposit growth of 12.9%. Asset quality remains exceptionally strong for a PSU bank, with Net NPA at a negligible 0.13% and a Provision Coverage Ratio of 98.55%. However, the CASA ratio compressed to 48.51% from 50.07% YoY, reflecting industry-wide pressure on low-cost deposits.
Confidence: HIGH
What changedThe bank has maintained its high-growth trajectory in advances (27% YoY) while further improving its already strong asset quality and operational efficiency (Cost-to-Income ratio improved to 35.04%).
Why it mattersThe results demonstrate that the bank is successfully transitioning into a high-ROE (24.65%) and high-ROA (1.90%) entity, which is superior to many of its larger PSU and private sector peers.
Net Profit (Q1FY27): ₹2,020 CrGross NPA: 1.45%Net NPA: 0.13%CASA Ratio: 48.51%Capital Adequacy (CRAR): 18.64%Net Profit vs TTM PAT: ~28.8%
📅 Short termThe stock is likely to react positively to the strong bottom-line growth and stable asset quality metrics in the coming weeks.
📈 Long termStructural improvements in profitability and asset quality suggest a potential for long-term valuation re-rating if credit growth and margins are sustained.
⚠ Risk flags
- High Credit-Deposit ratio (86.58%) may constrain future lending growth.
- Declining CASA share (down from 50.07% to 48.51% YoY) indicates rising cost of funds.
Key Highlights
Net Profit increased by 26.84% YoY to ₹2,020 crore for the quarter ended June 2026.
Gross Global Advances grew by 26.90% YoY to ₹3,05,964 crore, driven by RAM segment growth of 25.11%.
Net NPA improved to 0.13% from 0.18% in the previous year, maintaining best-in-class asset quality.
Return on Equity (ROE) improved significantly to 24.65% compared to the previous year.
Domestic Credit-Deposit (CD) Ratio stands high at 86.58%, indicating aggressive credit deployment.
👀 What to Watch
Investors should monitor the bank's ability to mobilize deposits to support its high credit growth, as the CD ratio is elevated at 86.58%. Watch for any further compression in NIMs, which currently stand at 3.85%.
26.8% YoY Profit Growth: Bank of Maharashtra Reports Q1 FY27 Results with 0.13% Net NPA
Bank of Maharashtra reported a strong 26.84% YoY increase in Net Profit to ₹2,020 Cr for Q1 FY27, representing ~28.8% of its TTM PAT. Credit growth was robust with global advances surging 26.90% YoY to ₹3,05,964 Cr, significantly outpacing deposit growth of 12.93%. Asset quality remains industry-leading with Net NPA improving to 0.13% and a Provision Coverage Ratio of 98.55%. However, Net Interest Margin (NIM) compressed to 3.79% from 3.95% YoY, and the Credit-to-Deposit (C/D) ratio rose sharply to 88.82%.
Confidence: HIGH
What changedThe bank has maintained its high-growth trajectory in advances while further tightening asset quality, though at the cost of a slightly lower NIM and a significantly higher C/D ratio.
Why it mattersThe bank continues to outperform many PSU peers in asset quality and credit growth, which supports its premium valuation (P/B of 1.9) compared to the sector average.
Q1 Net Profit: ₹2,020 CrNet Profit vs TTM PAT: 28.78%Net NPA: 0.13%C/D Ratio: 88.82%Net Interest Margin (NIM): 3.79%CASA Ratio: 49%
📅 Short termThe strong profit growth and exceptional asset quality metrics are likely to be viewed positively by the market in the coming weeks.
📈 Long termThe bank's focus on the RAM segment and digital transformation provides a structural growth path, though maintaining a high C/D ratio and CASA levels will be key challenges.
⚠ Risk flags
- NIM compression of 16 bps YoY due to rising deposit costs
- High C/D ratio of 88.82% may limit future lending capacity without aggressive deposit mobilization
- CASA ratio declined to 49% from 50% YoY
Key Highlights
Net Profit increased 26.84% YoY to ₹2,020 Cr for the quarter ended June 2026
Global Advances grew 26.90% YoY to ₹3,05,964 Cr, led by RAM segment growth of 25.11%
Net NPA ratio improved to 0.13% from 0.18% in the previous year's quarter
Credit-to-Deposit (C/D) ratio increased to 88.82% from 79.04% YoY, indicating aggressive lending
Return on Assets (RoA) improved to 1.90% compared to 1.80% in Q1 FY26
👀 What to Watch
Monitor the bank's ability to mobilize deposits to support its high C/D ratio of 88.82% and watch for NIM stabilization in upcoming quarters as deposit costs continue to impact margins.
26.8% YoY Profit Growth: Bank of Maharashtra Q1 FY27 Net Profit Reaches ₹2,020 Cr
Bank of Maharashtra reported a strong start to FY27 with net profit rising 26.84% YoY to ₹2,020 crore. Growth was driven by a robust 26.90% YoY increase in global advances, significantly outperforming the industry average, while asset quality reached best-in-class levels with Net NPA at just 0.13%. However, Net Interest Margin (NIM) compressed to 3.79% from 3.95% YoY, and the Credit-to-Deposit (C/D) ratio climbed to a high 88.82%, suggesting a need for aggressive deposit mobilization ahead.
Confidence: HIGH
What changedThe bank has maintained its high-growth momentum in advances (27% YoY) while further tightening asset quality, though it faces sequential pressure on CASA and margins.
Why it mattersBank of Maharashtra continues to lead PSU peers in credit growth and asset quality metrics, but the rising C/D ratio and NIM compression are emerging headwinds common to the sector.
Net Profit (Q1 FY27): ₹2,020 CrAdvances Growth (YoY): 26.90%Net NPA: 0.13%C/D Ratio: 88.82%Net Interest Margin (NIM): 3.79%Return on Assets (RoA): 1.90%
📅 Short termThe stock is likely to react positively to the strong bottom-line growth and exceptionally low NPA figures, which reinforce its position as a top-performing PSU bank.
📈 Long termThe bank's structural shift toward a cleaner balance sheet and high-yield RAM lending is positive, though sustaining this growth rate depends on its ability to attract low-cost CASA deposits in a competitive environment.
⚠ Risk flags
- High Credit-to-Deposit ratio (88.82%) indicating liquidity tightness
- NIM compression of 16 bps YoY
- Sequential decline in CASA ratio from 53% to 49%
Key Highlights
Net Profit grew 26.84% YoY to ₹2,020 crore, representing approximately 28.8% of the TTM PAT
Global Advances surged 26.90% YoY to ₹3,05,964 crore, led by RAM segment growth of 25.11%
Net NPA improved to 0.13% from 0.18% YoY, with a high Provision Coverage Ratio of 98.55%
C/D Ratio increased sharply to 88.82% from 79.04% in the year-ago quarter
CASA ratio moderated to 49% compared to 53% in the preceding March 2026 quarter
👀 What to Watch
Investors should monitor the bank's deposit growth trajectory in upcoming quarters, as the high C/D ratio of 88.82% may limit further aggressive lending unless deposit mobilization accelerates. Additionally, watch for NIM stabilization as the bank navigates rising interest expenses which grew 13.36% YoY.
Bank of Maharashtra Q1 FY27: ₹250 Cr Provision Reversal Boosts Results
Bank of Maharashtra approved its Q1 FY27 financial results on July 10, 2026. A significant highlight is the reversal of ₹250 crore in COVID-19 related contingency provisions, which provides a direct boost to the quarterly bottom line. The bank continues to hold a substantial buffer of ₹760 crore in remaining contingency provisions. The limited review by auditors covered 54.25% of the bank's total advances portfolio, ensuring reasonable oversight of asset quality.
Confidence: HIGH
What changedThe bank has begun writing back its COVID-era contingency buffers into the P&L, indicating a shift from conservative provisioning to profit recognition.
Why it mattersThe ₹250 crore reversal represents approximately 3.56% of the TTM Net Profit, providing a non-operational cushion to earnings while the bank still holds ₹760 crore for future contingencies.
COVID Provision Reversal: ₹250 CrRemaining Contingency Provision: ₹760 CrAudit Coverage (Advances): 54.25%Reversal vs TTM PAT: ~3.56%Subsidiary Revenue: ₹0.83 Cr
📅 Short termThe provision reversal is likely to result in a positive earnings surprise for the quarter, potentially supporting the stock price in the coming days.
📈 Long termThe bank's structural focus on the RAM (Retail, Agri, MSME) segment and its high CASA ratio are the primary drivers for long-term value, beyond one-off provision reversals.
⚠ Risk flags
- Dependency on provision reversals for bottom-line growth
- Potential compression of NIMs if deposit costs rise faster than lending yields
Key Highlights
Reversed ₹250 crore of COVID-19 contingency provisions during the quarter ended June 30, 2026
Maintains a remaining contingency provision buffer of ₹760 crore as of June 30, 2026
Audit review covered 54.25% of the bank's total advances portfolio through concurrent and statutory auditors
Subsidiary 'The Maharashtra Executor and Trustee Company' reported a net profit of ₹0.35 crore on revenue of ₹0.83 crore
The board meeting concluded the financial results agenda within approximately 1 hour and 20 minutes
👀 What to Watch
Investors should monitor the Net Interest Margin (NIM) in the full results to see if the 17.9% growth rate is sustainable despite rising deposit costs.
27% Advance Growth: Bank of Maharashtra Reports Q1 FY27 Provisional Business Figures
Bank of Maharashtra reported robust credit growth for the quarter ended June 30, 2026, with global advances surging 27% YoY to ₹3.06 Lakh Cr. Total business reached ₹6.51 Lakh Cr, a 19% increase compared to the previous year. However, deposit growth lagged at 13% YoY (₹3.44 Lakh Cr), and the CASA ratio saw a marginal decline to 49% from 50% in June 2025. The RAM (Retail, Agri, MSME) segment continues to be a primary driver, growing 25% YoY to ₹1.87 Lakh Cr.
Confidence: HIGH
What changedThe bank has released its provisional operational metrics for Q1 FY27, showing a significant acceleration in credit disbursement compared to the 17.9% growth rate noted in previous filings.
Why it mattersThe 27% credit growth is substantially higher than the banking industry average, indicating aggressive market share gains in the RAM and Corporate segments, though the slower deposit growth (13%) may require higher-cost funding in the future.
Global Advances: ₹3.06 Lakh CrAdvance Growth (YoY): 27%Total Deposits: ₹3.44 Lakh CrDeposit Growth (YoY): 13%CASA Ratio: 49%RAM Advances: ₹1.87 Lakh Cr
📅 Short termThe stock may react positively to the strong credit growth figures, which suggest robust interest income potential for the quarter.
📈 Long termThe bank's structural shift toward the RAM segment (now ~61% of advances) and maintaining a high CASA ratio supports long-term profitability and asset quality stability.
⚠ Risk flags
- Credit-to-Deposit (CD) ratio pressure due to advances growing twice as fast as deposits
- Marginal decline in CASA ratio indicating rising competition for low-cost funds
Key Highlights
Global advances grew 27% YoY to ₹3.06 Lakh Cr as of June 30, 2026.
Total business crossed the ₹6.50 Lakh Cr milestone, reaching ₹6.51 Lakh Cr (+19% YoY).
RAM advances (Retail, Agri, MSME) increased 25% YoY to ₹1.87 Lakh Cr.
Total deposits grew 13% YoY to ₹3.44 Lakh Cr, trailing the credit growth rate.
CASA ratio remained healthy but dipped slightly to 49% from 50% YoY.
👀 What to Watch
Investors should monitor the upcoming full Q1 FY27 results to assess the impact of the credit-deposit growth gap on Net Interest Margins (NIM) and liquidity ratios.
MAHABANK Approves ₹7,500 Cr Equity Fundraise and ₹1.20 Final Dividend at 23rd AGM
Bank of Maharashtra shareholders have approved a significant equity capital raise of up to ₹7,500 crore, representing approximately 10.7% of its current market capitalization of ₹70,097 Cr. A final dividend of ₹1.20 per share for FY 2025-26 was also ratified, bringing the total dividend for the year to ₹2.20 per share including the interim payout. The bank also confirmed the appointment of Shri Sushanta Kumar Mohanty as Executive Director to the board. These moves aim to bolster the bank's capital adequacy to support its targeted 17.9% growth rate.
Confidence: HIGH
What changedShareholders have formally authorized the bank to raise up to ₹7,500 crore in fresh equity and finalized the dividend payout for FY 2025-26.
Why it mattersThe capital raise is critical for maintaining the bank's Tier-1 capital ratio and funding its aggressive retail credit expansion (which grew 37.45% YoY) while managing rising deposit costs.
Equity Fundraise Limit: ₹7,500 croreFundraise vs Market Cap: ~10.7%Final Dividend: ₹1.20 per shareTotal FY26 Dividend: ₹2.20 per shareTotal Business: ₹5,63,909 Cr
📅 Short termThe stock may see positive sentiment due to the dividend approval and the formalization of growth capital plans.
📈 Long termThe ₹7,500 crore capital infusion provides a multi-year runway for loan growth, helping the bank maintain its above-industry-average growth rate of 17.9%.
⚠ Risk flags
- Equity dilution from the ₹7,500 crore fundraise
- NIM compression risks (fell from 3.98% to 3.85% YoY)
Key Highlights
Approved raising of equity capital up to ₹7,500 crore through various modes to support growth
Declared a final dividend of ₹1.20 per share, totaling ₹2.20 for FY26 including interim
Total bank business reported at ₹5,63,909 Cr, a 14.20% YoY increase
Appointment of Shri Sushanta Kumar Mohanty as Executive Director approved by shareholders
RAM (Retail, Agri, MSME) segment growth noted at 19.68% for FY25
👀 What to Watch
Investors should monitor the specific timing and pricing of the ₹7,500 crore fundraise, as the mode of issuance (QIP, Rights Issue, etc.) will determine the level of equity dilution for existing shareholders.
Bank of Maharashtra Hikes 6-Month and 1-Year MCLR by 10 bps Effective June 17, 2026
Bank of Maharashtra has revised its Marginal Cost of Funds Based Lending Rate (MCLR) for specific tenors effective June 17, 2026. The bank has increased the 6-month MCLR from 8.70% to 8.80% and the 1-year MCLR from 8.85% to 8.95%, both representing a 10 basis point hike. Rates for shorter tenors, including overnight (7.50%), one-month (8.30%), and three-month (8.55%), remain unchanged. This upward revision is likely to improve the bank's yield on advances and Net Interest Margins (NIMs).
Key Highlights
1-Year MCLR increased by 10 basis points from 8.85% to 8.95%
6-Month MCLR revised upwards from 8.70% to 8.80%
Overnight, 1-month, and 3-month rates remain steady at 7.50%, 8.30%, and 8.55% respectively
The new interest rate structure is effective from June 17, 2026
👀 What to Watch
Investors should monitor the bank's upcoming quarterly results to see the impact of these rate hikes on Net Interest Margins. The increase in the 1-year benchmark is particularly relevant as it is a common reference for many retail and corporate loans.
Bank of Maharashtra to Seek Approval for ₹7,500 Crore Fundraise at June 30 AGM
Bank of Maharashtra has scheduled its 23rd Annual General Meeting (AGM) for June 30, 2026, to discuss key financial and structural proposals. The primary agenda includes a massive capital raising plan of up to ₹7,500 crore through various modes like QIP, FPO, Rights Issue, or Basel III bonds. Additionally, shareholders will vote on the declaration of dividend for FY 2025-26 and the appointment of Sushanta Kumar Mohanty as Executive Director. The bank has already set June 5, 2026, as the record date for dividend entitlement.
Key Highlights
Proposed raising of equity capital up to ₹7,500 crore to meet Basel III CRAR requirements.
23rd Annual General Meeting scheduled for June 30, 2026, via Video Conferencing.
Shareholder approval sought for FY 2025-26 dividend and adoption of audited balance sheets.
Ratification of Shri Sushanta Kumar Mohanty's appointment as Executive Director.
Remote e-voting period fixed from June 25 to June 29, 2026, with a cut-off date of June 23.
👀 What to Watch
Investors should track the approval of the ₹7,500 crore fundraise as it signals growth readiness, while remaining mindful of potential equity dilution if the bank opts for a QIP or FPO.
Bank of Maharashtra Sets June 5 as Record Date for Rs 1.20 Final Dividend
Bank of Maharashtra has fixed June 5, 2026, as the record date to determine eligibility for a final dividend of Rs 1.20 per equity share (12% of face value). This final payout is in addition to the interim dividend of Rs 1.00 per share already declared and paid earlier in the financial year. The total dividend for FY 2025-26 stands at Rs 2.20 per share, representing a 22% payout on the face value of Rs 10. Shareholders must approve this final dividend at the upcoming Annual General Meeting to finalize the disbursement.
Key Highlights
Final dividend of Rs 1.20 per share (12%) recommended for FY 2025-26
Record date for determining dividend eligibility is Friday, June 5, 2026
Total annual dividend reaches Rs 2.20 per share including Rs 1.00 interim dividend
Dividend is calculated on a face value of Rs 10 per equity share
Payment is subject to shareholder approval at the upcoming AGM
👀 What to Watch
Investors seeking to receive the Rs 1.20 dividend should ensure they hold the shares before the ex-dividend date. The total payout of Rs 2.20 for the year reflects a healthy yield for long-term PSU bank investors.
Bank of Maharashtra FY26 PAT Rises 27% to ₹7,019 Cr; Schedules Investor Meet on May 21
Bank of Maharashtra has scheduled an analyst and institutional investor meet for May 21, 2026, following a strong financial performance in FY26. The bank reported a record Net Profit of ₹7,019 crore, representing a 27.17% year-on-year growth. Asset quality remains industry-leading with a Net NPA of 0.13% and a high Provision Coverage Ratio of 98.59%. The bank's total business has crossed ₹6.42 lakh crore, driven by a robust 22.08% CAGR in advances over the last five years.
Key Highlights
Net Profit grew 27.17% YoY to ₹7,019 crore with a healthy Net Interest Margin (NIM) of 3.90%
Asset quality improved significantly with Gross NPA at 1.45% and Net NPA at a record low of 0.13%
Maintained a high-quality liability profile with a CASA ratio of 52.51% and a low cost of funds at 4.15%
Capital adequacy is strong with a CRAR of 18.36% and Tier-1 capital at 15.41%
Return on Equity (ROE) and Return on Assets (ROA) stand at 23.19% and 1.86% respectively
👀 What to Watch
Investors should view the bank's superior asset quality and high CASA ratio as strong competitive advantages. The upcoming analyst meet may provide further clarity on credit growth guidance and the sustainability of current margins.
Bank of Maharashtra FY26 Net Profit Jumps 27% to ₹7,019 Cr; GNPA Drops to 1.45%
Bank of Maharashtra delivered a robust performance for FY26, exceeding its guidance on key metrics including growth, asset quality, and profitability. Net profit surged 27% YoY to ₹7,019 crore, supported by a 22% growth in advances and a healthy NIM of 3.91%. The bank maintained its industry-leading CASA ratio at 52.51%, providing a low-cost deposit base. Asset quality reached record levels with Net NPA at just 0.13%, while the bank remains well-capitalized with a CRAR of 18.36%.
Key Highlights
Full-year Net Profit rose 27% YoY to ₹7,019 crore; Operating Profit increased 16% to ₹10,826 crore.
Total advances grew 22% YoY, with retail loans surging 32% and corporate book rising 22%.
Gross NPA improved to 1.45% (down 29 bps YoY) and Net NPA reached 0.13% (down 5 bps YoY).
CASA ratio stood at 52.51%, helping maintain a full-year Net Interest Margin (NIM) of 3.91%.
Return on Assets (ROA) for FY26 was 1.86%, surpassing the initial guidance of 1.75%.
👀 What to Watch
The bank's superior asset quality and high CASA ratio position it as a top performer among public sector banks. Investors may consider holding or accumulating given the consistent delivery on guidance and improved ROA targets for the next fiscal.
Bank of Maharashtra Recommends Final Dividend of Rs 1.20 per Share for FY 2025-26
The Board of Directors of Bank of Maharashtra has recommended a final dividend of Rs 1.20 per equity share (12% of face value) for the financial year 2025-26. This final dividend is in addition to the interim dividend of Rs 1.00 per share (10%) declared in January 2026, bringing the total dividend for the year to Rs 2.20 per share. The payout is subject to shareholder approval at the upcoming Annual General Meeting. The record date for the dividend distribution will be announced by the bank in due course.
Key Highlights
Final dividend recommended at Rs 1.20 per equity share of face value Rs 10 each
Total dividend for FY 2025-26 reaches Rs 2.20 per share including interim payout
Interim dividend of Rs 1.00 per share was already paid following the January 13, 2026 declaration
The 12% final dividend recommendation was finalized in the board meeting held on April 20, 2026
👀 What to Watch
Investors interested in dividend yield should monitor the announcement of the record date to ensure eligibility for the Rs 1.20 payout. The total annual dividend of Rs 2.20 reflects a stable return profile for long-term shareholders.
Bank of Maharashtra Recommends Final Dividend of Rs 1.20 per Share for FY 2025-26
The Board of Directors of Bank of Maharashtra has recommended a final dividend of Rs 1.20 per equity share (12%) for the financial year 2025-26. This final payout is in addition to the interim dividend of Rs 1.00 per share (10%) already declared and paid in January 2026. Consequently, the total dividend for the fiscal year amounts to Rs 2.20 per share on a face value of Rs 10. The final dividend is subject to shareholder approval at the upcoming Annual General Meeting.
Key Highlights
Recommended final dividend of Rs 1.20 per equity share (12% of face value)
Total dividend for FY 2025-26 stands at Rs 2.20 per share including interim payout
Interim dividend of Rs 1.00 per share was previously paid following the January 13, 2026 declaration
The record date for the final dividend will be announced in due course
👀 What to Watch
Investors seeking regular income should monitor for the record date to ensure eligibility for the final dividend. The total payout of Rs 2.20 reflects a healthy yield relative to the face value and suggests stable financial performance.
Bank of Maharashtra Q4 FY26 Net Profit jumps 35% to ₹2,014 Cr; Net NPA hits 0.13%
Bank of Maharashtra (MAHABANK) delivered a robust performance for FY26, with annual net profit rising 27.17% to ₹7,019 crore. The bank maintained exceptional asset quality, reporting a Net NPA of just 0.13% and a Gross NPA of 1.45%. Total business grew 17.47% YoY to ₹6.42 lakh crore, supported by strong credit expansion in the retail sector which grew 32.39%. Profitability remains high with a quarterly Return on Assets (ROA) of 1.97% and a Net Interest Margin (NIM) of 3.91%.
Key Highlights
Net Profit for Q4 FY26 increased by 34.89% YoY to ₹2,014 crore.
Gross Advances grew by 21.74% YoY to ₹2,91,967 crore, driven by 32.39% growth in Retail advances.
Net NPA improved to 0.13% from 0.18% YoY, while Gross NPA fell to 1.45% from 1.74%.
Net Interest Income (NII) grew 18.81% YoY in Q4 to ₹3,702 crore with a NIM of 3.91%.
Cost-to-Income ratio improved to 36.51% in Q4 FY26 compared to 38.50% in the previous year.
👀 What to Watch
The bank demonstrates industry-leading asset quality and strong operational efficiency with a low cost-to-income ratio. Investors should maintain a positive outlook given the consistent growth in high-yield retail segments and a stable CASA base of 52.51%.
Bank of Maharashtra Q4FY26 Net Profit Jumps 35% to ₹2,014 Cr; Net NPA Drops to 0.13%
Bank of Maharashtra reported a strong financial performance for FY26, with annual net profit rising 27.17% to ₹7,019 crore. For the fourth quarter, net profit surged 34.89% YoY to ₹2,014 crore, driven by an 18.81% growth in Net Interest Income. Asset quality improved remarkably, with Gross NPA falling to 1.45% and Net NPA reaching a negligible 0.13%. The bank maintained a healthy NIM of 3.91% and proposed a final dividend of ₹1.20 per share.
Key Highlights
Net Profit for Q4FY26 rose 34.89% YoY to ₹2,014 crore; annual FY26 profit reached ₹7,019 crore.
Gross Advances grew 21.74% YoY to ₹291,967 crore, with Retail advances surging 32.39%.
Asset quality reached industry-leading levels with Net NPA at 0.13% and Provision Coverage Ratio at 98.59%.
Return on Equity (ROE) improved to 23.19% and Return on Assets (ROA) stood at 1.86% for the full year.
Proposed a final dividend of ₹1.20 per share, taking the total FY26 dividend to ₹2.20 per share.
👀 What to Watch
The bank's superior asset quality and robust credit growth make it a standout performer in the PSU banking sector. Investors should view the high ROE and low credit costs as strong indicators of continued value creation.
Bank of Maharashtra Approves Rs 17,500Cr Fundraising and Rs 1.20 Final Dividend
Bank of Maharashtra has approved a massive capital infusion plan totaling Rs 17,500 crore through various instruments including equity, Tier I/II bonds, and infrastructure bonds. The board recommended a final dividend of Rs 1.20 per share (12%), bringing the total dividend for FY26 to Rs 2.20 per share. Additionally, the bank plans to tap international markets by raising up to USD 500 million via foreign currency bonds. While the bank maintains a healthy contingency provision of Rs 1,010 crore, it reported a one-time impairment loss of Rs 280.59 crore regarding its associate, Maharashtra Gramin Bank.
Key Highlights
Recommended final dividend of Rs 1.20 per share (12%), totaling Rs 2.20 for the full financial year.
Approved raising up to Rs 7,500 crore via equity (QIP/FPO/Rights) or Basel III compliant bonds.
Authorized issuance of Long-Term Infrastructure Bonds up to Rs 10,000 crore during FY 2026-27.
Proposed raising up to USD 500 million through foreign currency bonds in multiple tranches.
Maintains an additional COVID-19 related contingency provision of Rs 1,010 crore as of March 31, 2026.
👀 What to Watch
The significant fundraising targets indicate the bank is preparing for aggressive credit growth and strengthening its capital adequacy. Investors should view the consistent dividend payout and proactive provisioning as signs of financial stability.
Bank of Maharashtra Appoints Sushanta Kumar Mohanty as Executive Director for 3-Year Term
Bank of Maharashtra has appointed Shri Sushanta Kumar Mohanty as Executive Director for a three-year term effective April 15, 2026. Mr. Mohanty, 56, joins from Bank of Baroda where he served as Chief General Manager and brings over 30 years of extensive banking experience. His background includes international exposure in New York and specialized expertise in Treasury Operations, International Banking Credit, and Forex Management. This appointment was notified by the Department of Financial Services (DFS) under the Banking Companies Act.
Key Highlights
Shri Sushanta Kumar Mohanty appointed as Executive Director for a 3-year tenure starting April 15, 2026
Brings over 30 years of banking experience, previously serving as Chief General Manager at Bank of Baroda
Expertise includes Treasury Operations, International Banking Credit, and Retail & Corporate Banking
International experience includes a posting in New York, USA, and roles as Director at Baroda U.P. Gramin Bank and FIMMDA
👀 What to Watch
This is a routine senior management transition for a Public Sector Bank. Investors should monitor if his expertise in treasury and international banking leads to improved non-interest income or credit quality in those specific segments.
