State-owned Bank of Maharashtra reported a robust net profit of ₹2,014 crore for the fourth quarter of FY26, marking a significant 35% increase from ₹1,493 crore in the same period last year. According to the latest investor presentation, the bank's full-year FY26 net profit stood at ₹7,019 crore, representing a 27.2% growth from FY25. This strong performance was driven by robust loan growth, improved operational metrics, and lower provisions that contributed to margin expansion. The bank's total income rose to ₹8,693 crore in Q4 FY26 from ₹7,711 crore in Q3 FY26, supported by higher interest income and better asset-liability management.
The bank demonstrated strong lending momentum with gross advances increasing 21.74% year-on-year to ₹2,91,967 crore and total business expanding 17.47% YoY to ₹6,42,531 crore as of March 2026. As reported in the latest presentation, this robust loan growth was led by a 32% increase in retail advances, with retail, agriculture, and MSME advances growing 21% year-on-year. The bank's net interest income (NII) increased 18.8% to ₹3,702 crore, up from ₹3,116.4 crore reported during the same quarter last year. The net interest margin (NIM) improved to 3.9% from 3.9% a year ago, reflecting better asset-liability management and operational efficiency.
According to the latest investor presentation, the bank's deposits rose 14.14% year-on-year to ₹3,50,564 crore, indicating strong customer confidence and market presence. The bank's gross NPAs improved significantly to 1.45% from 1.74% a year ago, while net NPAs fell to 0.13% from 0.18%, demonstrating substantial improvement in asset quality. The bank's expenses rose at a slower pace of 10.7% YoY to ₹5,747 crore, aiding margin expansion and supporting the overall profitability growth. Looking ahead, the bank anticipates continued growth momentum with credit expected to grow at 18% while deposits to grow at 14-15% in FY27.
As reported by The Economic Times, the bank's board passed an enabling resolution to raise capital up to ₹7,500 crore through equity and debt. Additionally, the bank plans to raise ₹10,000 crore through long-term infra bonds in fiscal 2027 to support its growth initiatives and strengthen its balance sheet for future expansion. The capital raising initiatives are designed to support the bank's continued expansion plans and maintain its growth trajectory in the competitive banking sector.
