Bank of Maharashtra announced strong financial results for Q2 FY26. Net profit increased by 23.09% year-over-year, while operating profit rose by 16.91%. The bank also saw improvements in asset quality, with gross NPA and net NPA ratios declining. Deposits and Advances also saw healthy growth indicating a strong financial footing.
Key Financial Highlights
Bank of Maharashtra reported a strong performance for the quarter ended September 30, 2025 (Q2 FY26), showcasing growth across key financial metrics:
- Net Profit: Increased by 23.09%.
- Operating Profit: Increased by 16.91%.
- Net Interest Income: Increased by 15.71%.
- Total Business: Increased by 14.20%.
- Total Deposits: Increased by 12.13%.
- Savings Deposits: Increased by 15.07%.
- Current Deposits: Increased by 13.03%.
- Term Deposits: Increased by 9.77%.
- Gross Advances: Increased by 16.83%.
- Retail Advances: Increased by 37.45%.
- MSME Advances: Increased by 3.38%.
Asset Quality Improvement
The bank demonstrated improved asset quality, with the following key indicators:
- Gross NPA: 1.72%.
- Net NPA: 0.18%.
Key Business Figures
The bank’s total business reached ₹5,63,909 Crore. The total deposits amounted to ₹3,09,791 Crore, and domestic advances stood at ₹2,53,230 Crore. The Global C/D Ratio was 82.03%.
Strategic Initiatives
Bank of Maharashtra is focusing on digital transformation and customer-centric initiatives. Key initiatives include:
- Introduction of a new mobile banking app.
- Expansion of digital banking services.
- Focus on financial inclusion through various schemes.
- Emphasis on ESG (Environmental, Social, and Governance) initiatives.
Key Ratios
- Return on Assets: 1.82%
- Cost to Income: 37.10%
Source: BSE