BANK OF MAHARASHTRA

Bank of Maharashtra announced its financial results for the quarter ended June 30, 2026. The bank reported a significant 26.84% year-on-year increase in Net Profit, reaching ₹2,020 crore. Total Global Business grew by 19.10% to ₹6,50,457 crore, with Deposits up 12.93% and Gross Advances surging by 26.90%. Asset quality showed improvement with Gross NPA declining to 1.45% and Net NPA to 0.13%. Operating profit also saw a healthy increase of 21.29% to ₹3,117 crore. The bank's Capital Adequacy Ratio (CRAR) stood at 18.64%. These results reflect strong operational performance and improved profitability.

Bank of Maharashtra announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved both standalone and consolidated results. The filing also includes a limited review report with an unmodified opinion from the auditors, a statement on the utilization of issue proceeds, and a security cover certificate as of the quarter-end. The bank's website will host the detailed financial information.

Bank of Maharashtra reported solid first-quarter results with consolidated PAT of ₹2,023.32 Cr, up 34.5% YoY from ₹1,504.37 Cr despite a modest 1.05% sequential decline from Q4's ₹2,044.88 Cr. Revenue (interest income) rose 13.9% YoY to ₹8,034.65 Cr but grew just 3.6% from the prior quarter, reflecting a normalizing post-quarter seasonality pattern. Net Profit Margin compressed 132 basis points sequentially to 22.32% but expanded a healthy 324 bps year-on-year from 19.08%, indicating structural profitability gains despite higher provisions. The sharp YoY PAT outperformance versus revenue suggests operating leverage and a lower effective tax rate. A one-off provision reversal of ₹250 Cr (₹2.50 Cr benefit) for COVID-19 contingencies provided a tailwind. The bank's retail segment (44% of revenue) and corporate banking (34%) remain the growth engines. Against management's FY-2027 guidance of 16–17% business growth and 1.80% ROA, the quarter's 14% revenue growth and robust 34% profit expansion suggest the bank is on track to deliver the promised 'profitable, high-quality growth,' though Q1's sequential margin pressure warrants monitoring into Q2.

Bank of Maharashtra has announced that its Board of Directors will convene on July 10, 2026, to review and approve the Unaudited Standalone and Consolidated Financial Results for the first quarter and three months ended June 30, 2026. In line with SEBI regulations, the trading window for designated persons and their relatives will be closed from July 1, 2026, and will reopen 48 hours post-results declaration. This meeting is crucial for investors to gauge the bank's financial performance in the initial quarter of the fiscal year.

Bank of Maharashtra has reported provisional business figures as of June 30, 2026. Total business grew by 19% year-on-year to ₹6.51 Lakh Crores. Total deposits increased by 13% to ₹3.44 Lakh Crores, while global advances saw a significant jump of 27% to ₹3.06 Lakh Crores. RAM (Retail, Agriculture, MSME) advances grew by 25% to ₹1.87 Lakh Crores, and corporate advances (domestic) rose by 21% to ₹1.11 Lakh Crores. The CASA ratio slightly decreased from 50% to 49%. These figures are subject to review and rounded off to the nearest percentage and number.

Bank of Maharashtra has announced the closure of its trading window for dealing in the bank's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the bank's internal code of conduct. The window will be shut for directors, designated persons, their immediate relatives, and connected persons from July 1, 2026, until 48 hours after the declaration of the financial results for the quarter ending June 30, 2026. The exact date of the board meeting to approve these results will be communicated separately.

Bank of Maharashtra has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR). The rates for Overnight, One Month, and Three Months tenors remain unchanged at 7.50%, 8.30%, and 8.55% respectively. However, the MCLR for Six Months has been increased from 8.70% to 8.80%, and for One Year, it has been revised from 8.85% to 8.95%. These revised rates are effective from June 17, 2026.

Bank of Maharashtra has submitted its Annual Report for the Financial Year 2025-26, as per SEBI (LODR) Regulations, 2015. The report is also available on the bank's website. The filing highlights the bank's performance, awards received, and key financial statements. Notable awards include 'Public Sector Bank of the Year' by The Financial Express and 'Best Mid-Sized Bank' by Business Today. The report also details the Board of Directors, management discussion, financial statements, and corporate governance.

Bank of Maharashtra has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, as mandated by SEBI regulations. The report details the bank's corporate identity, business activities, operational footprint, employee data including gender diversity and differently-abled individuals, and turnover rates. The bank operates on a standalone basis and has received reasonable assurance on its BRSR Core disclosures from Sagar & Associates. The report is available on the bank's website.

Bank of Maharashtra has announced its 23rd Annual General Meeting (AGM) will be held on June 30, 2026, via Video Conferencing. Key agenda items include approving the FY26 financial statements, declaring dividends, appointing Shri Sushanta Kumar Mohanty as Executive Director, and considering a capital raise of up to ₹7,500 crore. The record date for dividend entitlement is June 5, 2026, with e-voting available from June 25 to June 29, 2026. Voting rights will be based on the shareholder register as of June 23, 2026.