Bank of Maharashtra Q2 net jumps 41% to ₹2,310 crore
Retail, agriculture and MSME (RAM) business grew 24.69%.
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Updated - October 26, 2026 08:12 pm IST - MUMBAI
Bank of Maharashtra (BoM) reported a 41% year-on-year (YoY) increase in net profit to ₹2,310 crore for the second quarter ended September 30, 2026, driven by a 22% rise in net interest income (NII) to ₹3,954 crore.
The cost-to-income ratio improved to 33.73% from 37.10% a year ago, while return on assets rose to 2.02% from 1.82%.
The bank’s total business grew 25.16% YoY to ₹7.06 lakh crore.
Deposits increased 21.50% to ₹3.76 lakh crore, while gross advances surged 29.61% to ₹3.29 lakh crore.
Net advances rose 30.16% to ₹3.26 lakh crore.
Retail, agriculture and MSME (RAM) business grew 24.69%.
Retail advances increased 20.91% to ₹94,582 crore, while MSME advances rose 24.69% to ₹58,049 crore.
Asset quality improved, with gross non-performing assets (NPAs) declining to 1.25% from 1.72% a year ago and net NPAs falling to 0.12% from 0.18%.
The provision coverage ratio rose to 98.53% from 98.34%.
As of September 30, the bank’s Basel III capital adequacy ratio stood at 18.51%, with a Common Equity Tier I ratio of 15.61%.
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Full detailed coverage is shown on the council website above. Source attribution: The Hindu – Business.
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