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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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Company insights, generated from the most recent coverage.
Stock trading at ~8x P/E vs industry average of 12.5x, offering significant valuation upside given 22.24% ROE and ₹44 book value.
ICRA reaffirmed AA+ (Stable) rating in July 2026, citing improved earnings, healthy loan growth, and steady margins — boosting institutional confidence.
Stock up 4.43% to ₹86.05 on Sep 3, 2026 with 1.29 Cr volume, driven by continued re-rating post strong Q1 FY27 results.