Bank of Maharashtra Powers Ahead in Q1 FY26—Advances and Deposits Clock Double-Digit Growth

Bank of Maharashtra (BoM) has reported a robust start to FY26, with gross advances rising 15.36% year-on-year to an estimated ₹1.01 lakh crore and total deposits climbing 14.08% YoY to ₹1.15 lakh crore as of June 30, 2025. The performance underscores the bank’s continued momentum in expanding its retail, MSME, and agriculture lending portfolios, while maintaining a strong deposit franchise.

 

The credit-deposit ratio stands at a healthy ~88.4%, reflecting efficient capital deployment. While the CASA share has moderated slightly to ~41.9%, the bank has seen strong traction in term deposits, driven by competitive interest rates and digital onboarding initiatives.

 

BoM’s growth trajectory is supported by its deep penetration in Tier 2 and Tier 3 cities, digital transformation efforts, and a focus on priority sector lending. Analysts expect the bank to maintain this momentum, especially with the upcoming festive season and infrastructure-led credit demand.

 

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Source: PNB Investor Presentation – Peer Bank Comparisons