Bank of Maharashtra

Interest payment details

• ISIN INE457A08175 pertains to Long Term Infra Bond Series-1.
• Issue size Rs 811 crore.
• Interest amount due Rs 63,25,80,000.
• Frequency of payment: Annual.
• Record date: 21 July 2026.
• Due date for interest payment: 05 August 2026.
• Actual date of interest payment: 05 August 2026.
• Interest paid: Rs 63,25,80,000.
• Date of last interest payment: 05 August 2025.
• Reason for non-payment/delay: N.A.

Resignation

• Resignation; cessation date 23 July 2026.

Financial Performance

• Net profit for Q1 FY27: INR 2,020 crores, up 27% YoY.
• Operating profit rose 21% YoY to INR 3,117 crores.
• NIM at 3.85%, 10 bps above the 3.75% guidance.
• Total business grew 19% YoY to INR 1,04,000 crores.
• Total advances grew 27% YoY; ₹65,000 crores added.
• Total deposits rose 13% YoY; CASA grew 9% YoY with ₹14,000 crores CASA added.
• Gross NPA 1.45%; NNPA 0.13%; PCR 98.55%.

Asset Quality and Efficiency

• Stress ratio 3.18%; stress amount down ₹1,300 crores YoY.
• SMA 1+2 at 1.34%; one government account skewed SMA 2 by ₹87 crores.
• Retail NPA 0.34%; Agri 7.58%; MSME 1.60%; RAM 1.23%.

Balance Sheet and Liquidity

• CET1 at 15.56%; CRAR at 18.64% (well-capitalized).
• Total deposits funded growth; refinances around ₹19,000 crores.
• Domestic CD ratio ~86%; global CD ratio 81.99% including IBU.

Q&A Highlights

• NII growth 14.5% vs loan growth 27%; guidance maintained for FY27.
• Advances growth driven by IBU; maintaining 18% loan growth guidance.
• Board-approved equity raise of ₹5,000 crores; RBI/government approvals pending.
• Debt waiver: eligible ₹3,500 crores; government receivable ₹2,750 crores; max haircut ₹450–₹500 crores.
• ECL provisions: ₹2,500 crores over four years to Mar 2031; quarterly ₹125 crores.
• ECL guidelines to impact net worth, not P&L.

Guidance and Outlook

• Loan growth guidance maintained at 18% for FY27; NII growth guided at ~15%.
• Tax guidance: OP basis 12–13%; PBT basis 16–17%.
• LCR maintained in 115–120% band; average ~118%; terminal 114%.

Meeting Details

• Date and time: 10 July 2026, 4:30 PM IST.

Type and Mode

• Type: earnings conference call; Mode: virtual.

Organizer

• Organizer: Bank of Maharashtra.

Participants

• Key company roles: Company Secretary & Compliance Officer; no named participants disclosed.

Purpose

• Purpose: discuss quarterly results for quarter ended 30 June 2026 with Analysts/Investors.

Availability

• Recording available on Bank of Maharashtra website; accessed via financial results page.

Security cover status

• All outstanding listed NCDs are unsecured; no asset cover applies.
• No security created or charged against assets for these NCDs.
• Total secured listed NCDs outstanding: none.
• Security cover certificate confirms unsecured status for quarter ended 30.06.2026.

Business performance

• Total Global Business rose 19.10% YoY to ₹6,50,457 crore.
• Total Global Deposits rose 12.93% YoY to ₹3,44,493 crore.
• Gross Global Advances rose 26.90% YoY to ₹3,05,964 crore.
• Domestic Credit-Deposit ratio stood at 86.58%.

Profitability and efficiency

• Operating profit rose 21.29% YoY to ₹3,117 crore.
• Net profit rose 26.84% YoY to ₹2,020 crore.
• Net interest income rose 14.53% YoY to ₹3,770 crore.
• Domestic NIM was 3.85%.
• Cost-to-income ratio declined to 35.04%.

Asset quality and capital

• Gross NPA declined to 1.45%.
• Net NPA declined to 0.13%.
• Provisioning coverage ratio stood at 98.55%.
• CRAR (Basel III) 18.64% with CET1 15.56%.

Balance sheet highlights

• CASA share of deposits: 48.51%.
• Total Global Business 6,50,457 crore; Deposits 3,44,493 crore; Advances 3,05,964 crore.

Business Overview

• Public sector bank delivering retail, agriculture, and MSME lending with RAM-driven growth.
• Strategic emphasis on digital banking and green finance to improve inclusion and efficiency.
• RAM portfolio dominates domestic advances across Retail, Agriculture, and MSME segments.

Operational Highlights

• Deposits rose 12.93% YoY to ₹3,44,493 crore.
• Global Advances grew 26.90% YoY to ₹3,05,964 crore.
• Branch network expanded to 2,815 branches by June 2026.
• Domestic RAM advances ₹2,97,858 crore; Global RAM ₹3,05,964 crore.
• New digital initiatives include Zen Lyfe, FurEver account, NCMC, and UPI enhancements.
• Green finance volumes: housing ₹202.96 Cr, EV loans ₹464.76 Cr, PM Surya Ghar ₹376.42 Cr.
• Green energy exposure ₹5,659.13 Cr; green deposits ₹96.45 Cr.
• Branches 2,815; employees 17,129; women employees 5,199 (about 30%).
• Ratings: AA+ (Long-term), A1+ (Short-term); BBB- (International).

Financial Performance

• Total Income ₹32,823 crore for year ended Jun 2026, up about 15% YoY.
• Net Interest Income grew 14.53% YoY.
• Operating Profit rose 21.29% YoY.
• Net Profit grew 29.84% YoY.
• Cost to Income ratio improved to 7.56%.
• CET I 15.56%, AT I 0.79%, Tier I 16.35% as of Jun 2026.
• Domestic Advances ₹2,97,858 crore; Global Advances ₹3,05,964 crore; CASA 49%.

Capital Structure & Liquidity

• Total borrowings ₹38,749 crore as of June 2026.
• Credit ratings: AA+ (Long-term, Stable); A1+ (Short-term); BBB- (International, Stable).
• Capital adequacy mirrors CET I 15.56%, Tier I 16.35%.

Strategic Priorities & Outlook

• Digital & IT upgrades: private cloud, API management, PCI-SSF upgrade.
• Green finance leadership with Maha Green schemes and climate risk initiatives.
• Financial inclusion expansion and branch network growth continue.

Risks & Mitigation

• External macro risks: geopolitical tensions, rupee volatility, inflation shocks.
• Mitigated by diversified loan book, strong capital adequacy, and proactive provisioning.

Governance & Leadership

• No material governance changes disclosed; regulatory reporting remains ongoing.
• Shareholding pattern shows Govt of India and domestic financial institutions as primary holders.

Standalone results

• Standalone total income: Rs 90,632.9 crore for quarter ended 30 Jun 2026.
• Standalone net profit after tax: Rs 2,020.19 crore.
• Standalone EPS (not annualised): Rs 2.63.
• Basel III: CR 18.64%, CET1 15.56%, AT1 0.79%.
• GNPAs 1.45%, NNPA 0.13%.
• Provisions for NPAs: Rs 754.76 crore; total provisions: Rs 840.41 crore.
• COVID-19 provisions reversed: Rs 250 crore; remaining provisions Rs 760 crore.
• Fraud: 47 cases totaling Rs 106.22 crore; RBI penalty Rs 0.02 crore.
• CLA: 9 partners; Rs 3,056.80 crore; RCI 9.49%; fees Rs 2.30 crore.
• Loans acquired in quarter: Rs 4,658.34 crore; residual maturity 15.72 months; retention 10%; security 71.65%.
• Investor complaints: 2 received; 2 resolved; 0 unresolved.

Consolidated results

• Consolidated total income: Rs 90,635.3 crore for quarter ended 30 Jun 2026.
• Consolidated net profit after tax: Rs 2,023.31 crore.
• Consolidated EPS (not annualised): Rs 2.63.
• Consolidated segment revenue: Rs 9,864.31 crore.
• Consolidated ROA: 1.90%.
• Consolidated net worth: Rs 32,900.29 crore.
• Consolidated NPAs: GNPAs 1.45%, NNPA 0.13%.
• Consolidated net profit margin: 22.32%.
• Fraud cases: 47 cases; Rs 106.22 crore; RBI penalty Rs 0.02 crore.

Capital adequacy & asset quality

• Basel III: CET1 15.56%, AT1 0.79%, CR 18.64%.
• NPA metrics: GNPAs 1.45%, NNPA 0.13%.
• NPA provision coverage: 98.55% as of 3Q 2026.
• Provision for unhedged forex exposure: Rs 11.92 crore.

Operational & regulatory context

• Loans acquired under RBI framework: aggregate principal Rs 4,658.34 crore; average residual maturity 15.72 months.
• Share of associates in consolidated PAT: Rs 0.276 crore; minority interest nil.

Business model & segments

• Bank offers Treasury, Corporate/Wholesale, Retail and Digital Banking segments.
• Digital Banking revenue forms a minor but growing share of overall income.
• Segmental framework includes Treasury, Corporate/Wholesale, Retail, Digital and Other Banking.