Total deposits rose 12.93 per cent y-o-y to stand at ₹3,44,493 crore as at June-end 2026

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Bank of Maharashtra (BoM) reported a 27 per cent year-on-year (y-o-y) increase in first quarter (Q1FY27) standalone net profit at ₹2,020 crore on the back of a healthy growth in net interest income as well as non-interest income, even as its net interest margin saw a dip.The Pune-headquartered public sector bank had logged at net profit of ₹1,593 crore in the year ago (Q1FY26) period.While the net interest margin (NIM) declined to 3.79 per cent in Q1FY27 from 3.91 per cent in the preceding quarter and 3.95 per cent in Q1FY26, MD & CEO Nidhu Saxena emphasised that the NIM is above the FY27 guidance of 3.75 per cent.In a media interaction, Saxena noted the RBI’s limited period window for mobilising FCNR (B) at a higher interest rate presents an attractive opportunity for resource mobilisation and the bank is developing dedicated FCNR (B) products.He emphasised that BoM’s FCNR (B) rates of up to 6.60 per cent are among the most competitive being offered by public sector banks.In the reporting quarter, BoM’s net interest income (difference between interest earned and interest expended) was up 14.53 per cent y-o-y at ₹3,770 crore ( ₹3,292 crore in the year ago period).Non-interest income, including fee-based income, treasury income and recovery in written-off accounts, rose 25 per cent y-o-y to ₹1,029 crore ( ₹825 crore).Gross non-performing assets (GNPAs) position improved to 1.45 per cent of gross advances as at June-end 2026 against 1.74 per cent as at June-end 2025. Net NPAs position too improved a shade to 0.13 per cent of net advances against 0.18 per cent.Global advances increased 26.90 per cent y-o-y to ₹3,05,964 crore as at June-end 2026 on the back of 28.94 per cent growth in agriculture advances, retail advances (24.59 per cent), MSME advances (23.17 per cent) and corporate & other advances (20.97 per cent).On credit extended to MSMEs under the emergency the Emergency Credit Line Guarantee Scheme (ECLGS), Saxena out of the ₹6,500 crore worth of eligible advances, the bank has extended credit to MSMEs aggregating ₹3,100 crore and ₹400 crore to corporates so far.Total deposits rose 12.93 per cent y-o-y to stand at ₹3,44,493 crore as at June-end 2026. Low-cost CASA (current account, savings account) deposits declined a share to 49 per cent of total deposits against 50 per cent in the year ago quarter.BoM shares closed at ₹84.35 apiece, up 2.87 per cent over the previous close on BSE.Published on July 10, 2026