Bank of Maharashtra up 1% ahead of Q4 result; check biz updates and how lender fared in Q3 FY26

Recent updates

Early in April, Bank of Maharashtra (BoM), in its provisional business updates, said it registered a total credit growth of 22% to ₹2.92 lakh crore in the fourth quarter ended March 2026 (Q4 FY26).

The outstanding credit was ₹2.40 lakh crore at the end of the January-March quarter of the previous fiscal, BoM said in a regulatory filing.

The total credit also includes ₹1.12 lakh crore of corporate credit and RAM advances of ₹1.79 lakh crore during the quarter, it said.

RAM stands for Retail, Agriculture, and MSME.

The Pune-headquartered public sector lender reported a 14% increase in total deposits to ₹3.50 lakh crore in the reporting quarter against ₹3.07 lakh crore at the end of the fourth quarter of the previous financial year.

As a result, the total business (total credit and deposits) of the bank registered an increase of 18% to ₹6.42 lakh crore compared with ₹5.46 lakh crore at the end of March 31, 2025.

During the latest quarter, it said, the Current Accounts and Savings Accounts (CASA) ratio rose by 13% to ₹1.84 lakh crore against ₹1.63 lakh crore in the same period of the preceding financial year.

In percentage terms, low-cost CASA deposits stood at 53% of the total deposits at the end of the fourth quarter of FY26.

Bank of Maharashtra Q3 FY26 earnings snapshot

State-owned Bank of Maharashtra (BoM) posted a 26.5% rise in net profit to ₹1,779 crore for the third quarter ended December 2025 (Q3 FY26) with rising interest income.

The Pune-based lender had posted a net profit of ₹1,406 crore in the October-December period a year ago.

Total income increased to ₹8,277 crore during the quarter under review from ₹7,112 crore logged in the same period the previous year, BoM said in a regulatory filing.

The bank earned an interest income of ₹7,344 crore during the quarter compared to ₹6,325 crore a year ago.

Net Interest Income (NII) grew 16% to ₹3,422 crore in Q3 FY26 as against ₹2,943 crore seen in Q3 FY25.

The board has approved an interim dividend of 10% on the equity shares of the bank, i.e., ₹1 per share having a face value of ₹10 each for the financial year 2025-26, BoM Managing Director and CEO Nidhu Saxena said during a media interaction.

The bank was able to reduce gross Non-Performing Assets (NPAs) to 1.60% of gross loans by the end of December 2025 from 1.80% in the year-ago period.

Similarly, net NPAs or bad loans came down to 0.15% from 0.2% at the end of the third quarter of the previous fiscal.

As a result, the bank's provision and contingencies declined to ₹728 crore as against ₹841 crore recorded in the same period a year ago.

Bank of Maharashtra share price trend

Shares of the lender have gained over 11% in the past month and over 22% over the past six months. On a year-to-date (YTD) basis, the stock is up around 14.5%.

About Bank of Maharashtra

The Bank of Maharashtra is a leading Indian public sector bank with a pan-India and global presence. The public sector lender is a leading player in the financial services and banking sector.

The financial services offered by the bank include deposit schemes, loans, overdrafts, credit cards, and various savings schemes like SIP (Systematic Investment Plan). The bank is also active in providing ancillary services such as insurance.

Bank of Maharashtra was founded by V.G. Kale and D.K. Sathe. It was promoted by the erstwhile parent organisation, Maharashtra Chamber of Commerce. The bank was formally registered on September 16, 1935.