Bank of Maharashtra: Profits rise, asset quality holds as growth broadens beyond Maharashtra

The presentation states that key operational metrics are as of June 2026, and it includes reviewed quarterly financials for the quarter ended June 2026 and audited annual financials for the year ended March 2026.

As of June 2026, total business is INR 6,504.57 billion, total deposits are INR 3,444.93 billion, and global advances are INR 3,059.64 billion.

Gross non-performing assets are 1.45 percent and net non-performing assets are 0.13 percent as of June 2026. Provision coverage ratio including technical write-offs is 98.55 percent.

The presentation reports annualised net interest margin of 3.79 percent, return on assets of 1.90 percent and return on equity of 24.65 percent as of June 2026.

The bank reports Zen Lyfe mobile banking users at 1.39 million in June 2026, WhatsApp users at 2.89 million in June 2026, and UPI and BHIM users at 9.37 million in June 2026.

The bank lists focus areas including improving credit quality through integration of business and technology, emphasis on retail, agriculture and micro, small and medium enterprises lending including co-lending partnerships, increasing products per customer, growing non-interest income, expanding branches and customer service points, and staff capacity building.