Bank Of Maharashtra Plans Aggressive Fundraising And Reports Strong Q4

The announcements highlight the bank’s dual focus on strengthening its capital base and delivering consistent financial performance. The fundraising initiatives are aimed at supporting infrastructure financing and expanding global operations, while the quarterly results reflect improved asset quality and profitability.  

Fundraising Plans  

The bank will raise capital up to ₹75 billion via equity and bonds, in addition to infrastructure and foreign currency bond issuances. These measures are expected to enhance liquidity and support long-term growth.  

Quarterly Performance  

For the March quarter, interest earned stood at ₹77.55 billion. Provisions and contingencies were reported at ₹6.17 billion, with provisions for NPAs at ₹6.64 billion. Despite provisioning, net profit surged to ₹20.14 billion, underscoring strong operational efficiency.  

Dividend Declaration  

The board has recommended a final dividend of ₹1.20 per share, reflecting confidence in the bank’s financial health and commitment to rewarding shareholders.  

Financial Highlights  

• Infrastructure bonds up to ₹100 billion planned  
• Foreign currency bonds up to $500 million  
• Capital raise of ₹75 billion via equity and bonds  
• March-quarter net profit at ₹20.14 billion  
• Gross NPA contained at 1.45%  
• Final dividend of ₹1.20 per share  

Sources: Reuters, Economic Times, Business Standard