Bank of Maharashtra has announced robust financial performance for the quarter and year ended 31st March 2026. The bank recorded a significant 27.17% year-on-year increase in annual net profit, reaching ₹7,019 crore. This growth was driven by a strong rise in net interest income, improved asset quality, and expanded credit portfolios. The bank continues to demonstrate significant momentum with a 17.47% growth in total business for the fiscal year.
Annual Financial Performance Highlights
For the full financial year 2026, Bank of Maharashtra achieved impressive results, with net profit surging 27.17% year-on-year to ₹7,019 crore. The operating profit for the same period climbed 16.17% to ₹10,826 crore. Net interest income also saw substantial growth of 17.13%, totaling ₹13,664 crore. These figures underscore the bank’s operational efficiency and its successful strategy to scale core banking activities.
Business Growth and Portfolio Expansion
The bank’s total business expanded by 17.47% during FY26, supported by a 14.14% increase in total deposits and a 21.74% rise in gross advances. Retail, agriculture, and MSME sectors remained key growth drivers. Specifically, retail advances recorded a sharp growth of 32.39%, reflecting a balanced loan growth approach. The bank’s Global C/D Ratio stood at 83.28% as of March 2026, indicating strong capital deployment.
Asset Quality and Capital Strength
Asset quality has shown consistent improvement, with the Gross NPA ratio declining to 1.45% and Net NPA ratio dropping to 0.13% in March 2026 compared to previous periods. The bank remains well-capitalized, reporting a CRAR of 18.36% for the quarter ended March 2026. Provision coverage ratios have also been maintained at healthy levels, with the PCR (including TWO) reaching 98.59%.
Digital Transformation
The bank continues its digital journey with the successful launch of the Zen Lyfe mobile application, which has already garnered 1.11 million users as of March 2026. Initiatives like DigiLEAP for express account opening, TRUST for trade finance solutions, and the implementation of digital MUDRA loans are accelerating last-mile service delivery. Furthermore, the bank has maintained its leadership in digital transactions, achieving a 98.92% digital transaction rate.
Source: BSE
