Bank of Maharashtra Q1 Results are out now. The bank reported a net profit of 1,593 Crores, which is almost 23% higher than the previous year’s 1,293 Crores. Bank of Maharashtra reported a Total Income of 7,879 crores, which is almost 16% higher than the previous year’s 6,769 Crores.
Bank of Maharashtra Gross Advances rose by 15.34% on a Y-o-Y basis to 241,097 crore in Q1 FY26 as against 209,031crore in Q1FY25. Bank of Maharashtra Return on Equity (ROE) stood at 23% for Q1 FY26 against 27.62% for Q1 FY25.
Bank of Maharashtra Net NPA improved to 0.18% as on Q1 FY26 against 0.20% as on Q1 FY25. The same was 0.18% as on Q4 FY25. Bank’s Provision Coverage ratio stood at 98.36% as on Q1 FY26 as against 98.36% as on Q1 FY25. The same was 98.26 % as on Q4 FY25.
Bank of Maharashtra reported a Total Business of 546,143 Crores, which is 14.63% higher than the previous year’s 476,447 Crores. The Bank Deposit also reported 305,046 crores, which is 14.07% higher than the previous year’s 267,416 Crores.
Recently, after the RBI repo rate cut, PSU banks also reduced their loan rate by 50 basis points. Bank of Maharashtra offers home loans starting from 7.35%.
Anuj Prajapati