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Bank of Maharashtra
SectorFinancial Services
Bank of Maharashtra is a Public Sector Bank in India providing a range of banking and financial services. It offers personal banking, cash management, retail loans, and other financial services including deposits, savings/current accounts, vehicle loans, personal loans, retail trade finance, global banking, lending to priority sectors, foreign exchange, and export finance. The bank has a nationwide presence with branches across all states and union territories, offering specialized services in areas such as Foreign Exchange, Government business, Treasury, International Banking, Industrial Finance, MSME, and Agriculture. Bank of Maharashtra has expanded its digital offerings with mobile banking, internet banking, and UPI services. It has undergone significant growth in recent years, increasing its branch network, ATMs, and business volumes. The bank operates under various segments including Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations.
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The Quarter story
The two most recent quarterly results, compared side-by-side.
Bank of Maharashtra strengthens capital and asset quality while navigating margin compression and funding cost shifts.
Agriculture NPA% falls from 9.65% to 7.58% from Q1 FY26 to Q1 FY27, improving rural loan recovery rates.
CASA ratio slips from 50.07% to 48.51% from Q1 FY26 to Q1 FY27, increasing reliance on costlier term deposits.
Cost-to-income ratio drops from 37.57% to 35.04% from Q1 FY26 to Q1 FY27, boosting operational efficiency.
Net interest margin compresses from 3.95% to 3.79% from Q1 FY26 to Q1 FY27, squeezing core lending profitability.
Return on equity rises from 23.00% to 24.65% from Q1 FY26 to Q1 FY27, enhancing shareholder value.
Yield on advances declines from 9.28% to 8.57% from Q1 FY26 to Q1 FY27, reflecting pricing pressure on new loans.
Cost of funds eases from 4.26% to 4.01% from Q1 FY26 to Q1 FY27, reducing deposit liability expenses.
Slippage ratio rebounds from 1.20% to 1.23% from Q3 FY26 to Q1 FY27, requiring closer asset quality monitoring.
Branch network expands from 2,641 to 2,816 from Q1 FY26 to Q1 FY27, strengthening physical customer access.
Employee headcount jumps from 15,459 to 17,129 from Q1 FY26 to Q1 FY27, raising near-term staffing cost pressures.
Company insights, generated from the most recent coverage.
Trading at S1 pivot support ₹81.53 and 13.8% below its 52-week high of ₹92.91; a break below the day's low of ₹81.12 opens the door to S2 at ₹79.77.
Stock down ~4% to ₹81.53 on Sep 28, triggered by the United Forum of Bank Unions' 3-day strike (Sep 28-30) raising branch-disruption fears; CNBCTV18 later reported the strike was deferred, so the sell-off looks like a sentiment overreaction.
Today's ~4% fall came on volume 50% below average, signaling panic/sentiment-driven retail selling rather than institutional dumping — argues against a genuine thesis break.