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Bank of Maharashtra Posts ₹15.93 Billion Profit in Q1, Asset Quality Holds Firm Despite Higher Provisions

Updated: July 15, 2025 12:54

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Bank of Maharashtra has reported a strong financial performance for the June quarter of FY26, with net profit rising to ₹15.93 billion. The bank maintained robust asset quality despite provisioning ₹8.67 billion for contingencies, including ₹7.19 billion specifically for NPAs. The results reflect prudent risk management and sustained credit growth.
 
Key Highlights:
  • Interest earned during the quarter stood at ₹70.54 billion, driven by healthy loan book expansion and stable net interest margins.
  • Gross NPA ratio improved to 1.74 percent, among the lowest in the PSU banking space, indicating strong recovery and credit discipline.
  • Provisions and contingencies totaled ₹8.67 billion, of which ₹7.19 billion was earmarked for non-performing assets, showcasing conservative provisioning.
  • Net profit surged to ₹15.93 billion, supported by lower slippages and improved operating efficiency.
Operational and Strategic Insights:
  • The bank continues to benefit from a high CASA ratio and expanding retail and MSME loan portfolios.
  • Strong provisioning coverage and low net NPA levels position the bank favorably for future credit cycles.
  • Management remains focused on digital transformation, branch rationalization, and expanding its footprint in underbanked regions.
Market Outlook:
  • Analysts expect the bank to maintain its growth trajectory, supported by stable asset quality and improving return ratios.
  • The low gross NPA and high interest income make Bank of Maharashtra a compelling pick for investors seeking PSU banking exposure with reduced risk.
Sources: Economic Times, Business Standard, Moneycontrol, Bank of Maharashtra BSE Filings (July 2025)

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